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1. Introduction (f. Farina, University Of Siena, Italy, R. Tamborini, University Of Trento, Italy), Part I: Macroeconomic Governance In The Emu 2. Fiscal Policy And Implementation In Emu: From Maastricht To The Sgp Reform And Beyond, (m. Catenaro, R. Morris, European Central Bank) 3. Macroeconomic Adjustment In The Euro Area: The Role Of Fiscal Policy, (a. Muscatelli, University Of Glasgow, Uk, T. Ropele, University Of Milan -- Bicocca, Italy, P. Tirelli, University Of Milan -- Bicocca, Italy), Part Ii: Empirical Analyses Of National Fiscal Stances, 4. Measuring And Assessing Fiscal Automatic Stabilizers (j. Melitz, University Of Strathclyde, Crest-insee, And Cepr), 5. Getting Measures Of Fiscal Stance Right For The New Sgp (e. Gaffeo, G. Passmani, R. Tamborini, University Of Trento, Italy), 6. Testing The Fiscal Theory Of The Price Level For European Countries: A Cointegrated Var Approach (f. Farina, University Of Siena, Italy, R. Ricciuti, University Of Florence, Italy), Part Iii: Fiscal Policy And The Emu Countries: Heterogeneity, Interdependence And Divergence, 7. Fiscal Stabilization And The Sgp Constraints. Why Size Matters (j. Le Cacheaux, F. Saraceno, Ofce, Paris), 8. Assessing Financial Spillovers Of National Fiscal Policies (s. Schiavo, University Of Trento, Italy) 9. Inflation Divergence And Public Deficits In A Monetary Union (j. Creel, J. Le Cacheaux, Ofce, Paris). Edited By Francesco Farina And Roberto Tamborini. Papers Presented At A Series Of Conferences Held At The University Of Siena, Italy In 2004-06. Includes Bibliographical References And Index.
This volume investigates the efficacy and evolution of the Stability and Growth Pact (SGP) as the primary mechanism for managing fiscal policy within the European Monetary Union. Edited by Francesco Farina and Roberto Tamborini, the book compiles research from various academic and institutional contributors to evaluate how national fiscal stances interact with the constraints of a unified currency. The authors utilize empirical data and theoretical modeling to assess whether the existing governance framework sufficiently addresses the challenges of economic divergence and financial interdependence among member states.
What You Will Find
Experts identify this collection as a rigorous academic resource for understanding the structural tensions inherent in the Eurozone's fiscal architecture. Readers frequently note the technical density of the prose, which assumes a foundational understanding of macroeconomic theory and econometric modeling.
Page Count:
240
Publication Date:
2008-01-01
Publisher:
Routledge
ISBN-10:
0203934539
ISBN-13:
9780203934531
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