Author: European Commission. Directorate-General for Economic and Financial AffairsPublisher:
ISBN:
Category : Debts, Public
Languages : en
Pages : 86
Book Description
Public Debt and Fiscal Policy in EMU
Author: European Commission. Directorate-General for Economic and Financial AffairsPublisher:
ISBN:
Category : Debts, Public
Languages : en
Pages : 86
Book Description
Monetary and Fiscal Policies in EMU
Author: Marco ButiPublisher: Cambridge University Press
ISBN: 9780521832151
Category : Business & Economics
Languages : en
Pages : 376
Book Description
Leading scholars and policy makers examine the challenges that are facing economic policies in the EMU today.
Public debt and fiscal policy in EMU.
Author: Comisión EuropeaEMU and Public Debt Management
Author: Carlo FaveroPublisher: Centre for Economic Policy Research
ISBN: 9781898128502
Category : Business & Economics
Languages : en
Pages : 72
Book Description
Recoge: 1.Introduction - 2.Debt structures - 3.Convergence of debt structures and maturities - 4.Credit risk - 5.Government securities markets - 6.Public debt management.
Effects of the European Economic and Monetary Union (EMU) on Taxation and Interest Spending of National Governments
Author: Mr.Francesco P. MongelliPublisher: International Monetary Fund
ISBN: 1451951272
Category : Business & Economics
Languages : en
Pages : 37
Book Description
This paper examines the interest spending and taxation channels through which EMU could affect the public finances. It provides a framework for examining different views on a further narrowing of interest rate differentials. A model of Blanchard and Fischer is amended to analyze the two channels, and empirical evidence on the tax harmonization process is presented. The paper argues that “high-debt” and “high-tax” countries pursuing prudent fiscal policies could benefit the most from EMU: if monetary and widespread fiscal discipline are jointly established, interest rates could decline rapidly, while tax harmonization is likely to be gradual.
Public Debt and Fiscal Policy in EMU
Author: European Commission Directorate-General 2, Economic and Financial AffairsPublisher:
ISBN:
Category :
Languages : en
Pages : 66
Book Description
The Stability and Growth Pact
Author: A. BrunilaPublisher: Springer
ISBN: 0230629261
Category : Business & Economics
Languages : en
Pages : 446
Book Description
The Stability and Growth Pact (SGP) encompasses the legislative text and political resolutions regulating fiscal policy and public finances in EMU. The contributions in this volume analyse the institutional, legal, theoretical and empirical aspects of the SGP, examine its development and evaluate its main implications. The authors include academic economists, who provide insightful analysis, and policy makers who have contributed to the shaping of the pact and have a direct responsibility for its implementation. This book is the definitive source of reference on the SGP for academics, policy makes and economists.
Fiscal Dimensions of EMU
Author: Paul R. MassonPublisher:
ISBN:
Category : Fiscal policy
Languages : en
Pages : 24
Book Description
The Effects of the European Economic and Monetary Union (EMU)on National Fiscal Sustainability
Author: Mr.Francesco P. MongelliPublisher: International Monetary Fund
ISBN:
Category : Business & Economics
Languages : en
Pages : 50
Book Description
This paper presents a methodology to analyse some of the possible fiscal effects of the EMU. It uses a theoretical tool, the "fiscal sustainability frontiers", and a new fiscal sustainability index. The paper argues that in the EMU the fiscal autonomy will be tightened by the "endogenous fiscal discipline" stemming from the harmonization of tax systems, the loss of current and prospective money financing, and the deepening of financial market-based discipline.
Fiscal Policy in Economic and Monetary Union
Author: Marco ButiPublisher: Edward Elgar Publishing
ISBN: 1845426711
Category : Business & Economics
Languages : en
Pages : 321
Book Description
The book has many merits, and represents an important contribution to the controversial topic of European fiscal policy. I appreciated in particular the high quality and rigor of the analysis and the fact that the pros and cons of the contending opinions are presented in a fair way. It is a rewarding reading. EAEPE Newsletter Buti and Franco present a series of interesting analytical information which should be read by as broad an audience as possible. . . the book is a good buy. László Csaba, Acta Oeconomica This book explores the origins, rationale, problems and prospects of the European fiscal policy framework. It provides the reader with a roadmap to EMU s budgetary framework by exploring its theoretical and empirical foundations, uncovering its historical roots and emphasising its supranational nature. The authors, who have been at the forefront of the academic and policy debate on economic policy in Europe, argue that fiscal policy has always been at the core of the EMU debate. The Maastricht criteria and the Stability and Growth Pact are the most contentious building blocks of EMU s institutional architecture: they have aroused heated controversies between academics and policymakers ever since their adoption. As EMU s budgetary rules undergo their first severe shock, Europe is still searching for its fiscal soul. The book s basic premise is that one cannot fully understand EMU s fiscal framework and the recent debate on its reform without placing them in a historical and institutional perspective and abstracting from the uniqueness of EMU, where sovereign countries retain a large degree of fiscal independence, and monetary policy is entrusted to an independent central bank with the overriding mission of maintaining price stability. Analysing all aspects of EMU s fiscal rules and institutions, this book will strongly appeal to students, academics and researchers of macroeconomic policy and European integration. Policymakers and fiscal policy experts at both national and international levels will also find the book to be of great interest.