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Fiscal policy in the European Union

Record Type:	Electronic resources : Monograph/item
Title/Author:	Fiscal policy in the European Union/ editedby Jesâus Ferreiro, Giuseppe Fontana and Felipe Serrano.
other author:	Ferreiro, Jesus.
Published:	Basingstoke [England] ;Palgrave Macmillan, : 2008.,
Description:	xv, 219 p. ;23 cm.;
Notes:	Includes index.
Subject:	Fiscal policy - European Union countries. -
Online resource:	access to fulltext (Palgrave)
ISBN:	9780230228269

Fiscal policy in the European Union
Fiscal policy in the European Union[electronic resource] /editedby Jesâus Ferreiro, Giuseppe Fontana and Felipe Serrano. - Basingstoke [England] ;Palgrave Macmillan,2008. - xv, 219 p. ;23 cm.

Includes index.

Introduction -- Fiscal Federalism in the European Union: How Far AreWe? / R.H.Alves & O.Afonso -- Is there Compatibility between the Stability and Growth Pact and Automatic Fiscal Stabilisers? / S.Rostaing-Paris -- Stabilization Capacity and Fiscal Policy in EMU/ J.U.Gonázlez and M.J.A.Feránndez -- Fiscal Adjustment and Composition of Public Expenditures in EMU / J.Ferreiro, M.T.Garíca-del-Valle and C.Gomez -- Public Capital and Economic Growth: An Empirical Spurious Link? / G.Poilon -- Has France Become a Deficit Running Country? / J.Creel, G.Gilbert and T.Madis -- How to Deal with Economic Divergences in EMU? / C.Mathieu andH.Sterdyniak -- A Scheme to Coordinate Monetary and FiscalPolicies inthe Euro Area /C.Panico and M.V.Sáurez.

Recent times have seen a downgrading of the relevance of fiscal policy, as a result of both�the current need to reduce high levels of public deficit and debt, and�the�dominance of neoclassical theories. The institutional framework and the rules of fiscal policy operating in theEuropean Union are built upon this theoretical basis. The Maastricht Treaty has imposed the reduction of fiscal imbalances as themain objective of national fiscal policies. The fear for a relaxation of this fiscal discipline has then led to the approval of the Stabilityand Growth Pact (SGP), which was then�reformed in 2005, in order to give more flexibility to national fiscal policies. More recently, the world-wide turmoil in the financial markets has generated support fora high level of fiscal activism, in order to alleviate the negative impact on the economy. Criticisms of the current framework of fiscal policy in the European Union are rising. This book offers a comprehensive analysis of current�national fiscal policies in the European Union and�European Monetary Union, and�provides�insights into the consequences of these�fiscal policies�on�economic activity. With contributions from a range of experts, the book focuses�on the coordination problems between the single monetary policy and national fiscal policies, and�the negative impact on the capacity of fiscal policy to correct short-term economic fluctuations and to accelerate economic growth in the long-term in European economies. This book is�an essential read for all interested in the role of�fiscal policy in the European Union.

Electronic reproduction.
Basingstoke, England :
Palgrave Macmillan,
2009.

Mode of access:World Wide Web.

ISBN: 9780230228269Subjects--Topical Terms:

294419
Fiscal policy
--European Union countries.Index Terms--Genre/Form:

96803
Electronic books.

LC Class. No.: HJ1000 / .F564 2008

Dewey Class. No.: 339.5/2094

Fiscal policy in the European Union
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245 0 0 $a Fiscal policy in the European Union $h [electronic resource] / $c editedby Jesâus Ferreiro, Giuseppe Fontana and Felipe Serrano.
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300 $a xv, 219 p. ; $c 23 cm.
500 $a Includes index.
505 0 $a Introduction -- Fiscal Federalism in the European Union: How Far AreWe? / R.H.Alves & O.Afonso -- Is there Compatibility between the Stability and Growth Pact and Automatic Fiscal Stabilisers? / S.Rostaing-Paris -- Stabilization Capacity and Fiscal Policy in EMU/ J.U.Gonázlez and M.J.A.Feránndez -- Fiscal Adjustment and Composition of Public Expenditures in EMU / J.Ferreiro, M.T.Garíca-del-Valle and C.Gomez -- Public Capital and Economic Growth: An Empirical Spurious Link? / G.Poilon -- Has France Become a Deficit Running Country? / J.Creel, G.Gilbert and T.Madis -- How to Deal with Economic Divergences in EMU? / C.Mathieu andH.Sterdyniak -- A Scheme to Coordinate Monetary and FiscalPolicies inthe Euro Area /C.Panico and M.V.Sáurez.
520 $a Recent times have seen a downgrading of the relevance of fiscal policy, as a result of both�the current need to reduce high levels of public deficit and debt, and�the�dominance of neoclassical theories. The institutional framework and the rules of fiscal policy operating in theEuropean Union are built upon this theoretical basis. The Maastricht Treaty has imposed the reduction of fiscal imbalances as themain objective of national fiscal policies. The fear for a relaxation of this fiscal discipline has then led to the approval of the Stabilityand Growth Pact (SGP), which was then�reformed in 2005, in order to give more flexibility to national fiscal policies. More recently, the world-wide turmoil in the financial markets has generated support fora high level of fiscal activism, in order to alleviate the negative impact on the economy. Criticisms of the current framework of fiscal policy in the European Union are rising. This book offers a comprehensive analysis of current�national fiscal policies in the European Union and�European Monetary Union, and�provides�insights into the consequences of these�fiscal policies�on�economic activity. With contributions from a range of experts, the book focuses�on the coordination problems between the single monetary policy and national fiscal policies, and�the negative impact on the capacity of fiscal policy to correct short-term economic fluctuations and to accelerate economic growth in the long-term in European economies. This book is�an essential read for all interested in the role of�fiscal policy in the European Union.
533 $a Electronic reproduction. $b Basingstoke, England : $c Palgrave Macmillan, $d 2009. $n Mode of access:World Wide Web. $n System requirements: Web browser. $n Title from title screen (viewed on Apr. 24, 2009). $n Access may be restricted to users at subscribing institutions.
650 0 $a Fiscal policy $z European Union countries. $3 294419
655 7 $a Electronic books. $2 local. $3 96803
700 1 $a Ferreiro, Jesus. $3 305321
700 1 $a Fontana, Giuseppe, $d 1968- $3 264575
700 1 $a Serrano Pâerez, Felipe. $3 305322
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