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Author: Jürgen von Hagen
Publisher:
Published: 2008
Total Pages: 36
ISBN-13:
DOWNLOAD EBOOKRecoge: 1. Introduction - 2. The fiscal dominance case for the SGP - 3. What do national governments do with their fiscal policies? - 4. Mutual insurance via transfers - 5. Institutional requirements for a transer system - 6. Conclusions reform - 9. Conclusions.
Author: Jürgen von Hagen
Publisher:
Published: 2006
Total Pages: 24
ISBN-13:
DOWNLOAD EBOOKAuthor: Roel M. W. J. Beetsma
Publisher:
Published: 2001
Total Pages: 78
ISBN-13:
DOWNLOAD EBOOKAuthor: Richard Miller Bird
Publisher: Cambridge University Press
Published: 1998
Total Pages: 316
ISBN-13: 0521641438
DOWNLOAD EBOOKThere appears to be an increasing trend in worldwide fiscal decentralization. In particular, many developing countries are turning to various forms of fiscal decentralization as an escape from inefficient and ineffective governance, macroeconomic stability, and inadequate growth. Fiscal Decentralization in Developing Countries: An Overview edited by Professors Bird and Vaillancourt and featuring important research from leading scholars assesses the progress, problems and potentials of fiscal decentralization in a variety of developing countries around the world. With rich and varied case-study material from countries as diverse as India, China, Colombia, Bosnia-Herzegovina and South Africa this volume complements neatly the collection Fiscal Aspects of Evolving Federations edited by David Wildasin and also published by Cambridge, which presented theoretical advances in the area of research.
Author: M. Cangiano
Publisher: International Monetary Fund
Published: 1998-12
Total Pages: 38
ISBN-13:
DOWNLOAD EBOOKThe purpose of this paper is to describe how fiscal policy will be conducted under EMU, and in the process to consider whether a well- functioning monetary union requires a central fiscal authority. The paper concludes that it is necessary to enhance fiscal policy coordination for a smooth operation of EMU in the near future.
Author: Mr.M. Cangiano
Publisher: International Monetary Fund
Published: 1998-12-01
Total Pages: 33
ISBN-13: 1451975554
DOWNLOAD EBOOKEuropean Economic and Monetary Union does not envisage creating a central fiscal authority. Monetary and exchange rate policies will be centralized, but fiscal policy will remain a national responsibility, in line with the subsidiarity principle. This paper argues that monetary union will generate pressures for closer economic integration than currently envisaged. Although not a necessity, a more active central role could then be justified on the grounds of allocative efficiency, redistribution, and stabilization. While in the short term enhanced policy coordination may address those pressures satisfactorily, as economic integration proceeds, the case for a central fiscal authority may become stronger.
Author: Marco Buti
Publisher: Edward Elgar Publishing
Published: 2002-01-01
Total Pages: 520
ISBN-13: 9781781009857
DOWNLOAD EBOOKExplores issues surrounding the European Monetary Union, including the financial impact of the euro, the behavior of monetary and fiscal authorities, and the consequences of EU enlargement.
Author: Henrik Enderlein
Publisher: Routledge
Published: 2013-10-31
Total Pages: 190
ISBN-13: 1317965809
DOWNLOAD EBOOKEurope’s Economic and Monetary Union (EMU) celebrated its tenth anniversary in 2009. Before its birth many observers were concerned about its viability. This volume examines a number of noteworthy concerns that were heard a decade ago and it assesses what has become of them. The contributors to this volume examine various topics. Has EMU been a failure or success? Does EMU require more political integration? What type of deeper integration in the financial market has occurred because of EMU? Does the public like EMU? Does EMU cause a decline of the welfare state, reduce the role of labour unions and are adjustments now made mainly through the labour market? Do countries in EMU become more similar over time? Is EMU sustainable in the long-run? Will EMU survive the global financial crisis? The contributors to this book are leading Political Scientists in the field, and draw on a wealth of research and experience. This book was published as a special issue of the Journal of European Public Policy.
Author: J. Kaarlejärvi
Publisher: Springer
Published: 2007-10-26
Total Pages: 307
ISBN-13: 0230590101
DOWNLOAD EBOOKThis book examines fiscal policy coordination in EMU and the required adjustments to national fiscal policies by EMU member states. The book shows that, in the process of Europeanization, national interests have had a major impact on the formation of fiscal policy coordination.
Author: Christopher Allsopp
Publisher:
Published: 2008
Total Pages: 46
ISBN-13:
DOWNLOAD EBOOKThe paper argues that an improved fiscal policy process might result in improved macroeconomic performance within Europe. Within EMU, a country may have difficulty ensuring stability in the face of asymmetric shocks; the response may be unstable, or, even if not, the real exchange rate might overshoot. In this context, the rules of the SGP may interfere with the control of inflation control, with the short-run stabilisation of demand, and also with the longer term adjustment of intra-European real exchange rates. We recommend using fiscal policy to stabilise inflation and also to target the real exchange rate rather than deficits or debt. Such a policy would require a more active use of fiscal policy.
