Structural Distortions and Decentralized Fiscal Policies in EMU
Author: Roel M. W. J. Beetsma
Publisher:
Published: 2001
Total Pages: 78
ISBN-13:
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Author: Roel M. W. J. Beetsma
Publisher:
Published: 2001
Total Pages: 78
ISBN-13:
DOWNLOAD EBOOKAuthor: 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: Roel M. W. J. Beetsma
Publisher:
Published: 2003
Total Pages: 36
ISBN-13:
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Publisher:
Published: 2001
Total Pages: 568
ISBN-13:
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Publisher:
Published: 2005
Total Pages: 2838
ISBN-13:
DOWNLOAD EBOOKAuthor: Guillermo E. Perry
Publisher: World Bank Publications
Published: 2007-10-19
Total Pages: 354
ISBN-13: 0821370855
DOWNLOAD EBOOKFiscal policy in Latin America has been guided primarily by short-term liquidity targets whose observance was taken as the main exponent of fiscal prudence, with attention focused almost exclusively on the levels of public debt and the cash deficit. Very little attention was paid to the effects of fiscal policy on growth and on macroeconomic volatility over the cycle. Important issues such as the composition of public expenditures (and its effects on growth), the ability of fiscal policy to stabilize cyclical fluctuations, and the currency composition of public debt were largely neglected. As a result, fiscal policy has often amplified cyclical volatility and dampened growth. 'Fiscal Policy, Stabilization, and Growth' explores the conduct of fiscal policy in Latin America and its consequences for macroeconomic stability and long-term growth. In particular, the book highlights the procyclical and anti-investment biases embedded in the region's fiscal policies, explores their causes and macroeconomic consequences, and asesses their possible solutions.
Author: Alberto Alesina
Publisher: University of Chicago Press
Published: 2010-04-01
Total Pages: 476
ISBN-13: 9780226012834
DOWNLOAD EBOOKIt is rare for countries to give up their currencies and thus their ability to influence such critical aspects of their economies as interest and exchange rates. Yet ten years ago a number of European countries did exactly that when they adopted the euro. Despite some dissent, there were a number of arguments in favor of this policy change: it would facilitate exchange of goods, money, and people by decreasing costs; it would increase trade; and it would enhance efficiency and competitiveness at the international level. A decade is an ideal time frame over which to evaluate the success of the euro and whether it has lived up to expectations. To that aim, Europe and the Euro looks at a number of important issues, including the effects of the euro on reform of goods and labor markets; its influence on business cycles and trade among members; and whether the single currency has induced convergence or divergence in the economic performance of member countries. While adoption of the euro may not have met the expectations of its most optimistic proponents, the benefits have been many, and there is reason to believe that the euro is robust enough to survive recent economic shocks. This volume is an essential reference on the first ten years of the euro and the workings of a monetary union.
Author: David Begg
Publisher:
Published: 2000
Total Pages: 50
ISBN-13:
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Published: 1998
Total Pages: 714
ISBN-13:
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