Monetary union in Europe started in 1999. This book contains eleven
papers and three review essays, which analyse a spectrum of
empirical, theoretical, institutional and political aspects of the
design and impact of fiscal policy in EMU. The contributors are
some of the most experienced analysts in the field. Topics covered
include the need for and consequences of fiscal coordination,
constraints on national deficits and debt levels (the Stability
Pact), and the role of fiscal federalism and insurance. The
importance of coordinating fiscal and monetary policies is also
considered in depth. This book will be of value to anyone with an
interest in EMU and the development of European fiscal policy.
General
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