Macroeconomic Policy in the European Monetary Union

From the Old to the New Stability and Growth Pact

Edited by Francesco Farina, Roberto Tamborini

Series: Routledge Studies in the European Economy 

List Price: $160.00

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Table of Contents

1. Introduction Part 1: Macroeconomic Governance in the EMU 2. Fiscal Policy and Implementation in EMU: From Maastricht to the SGP Reform and Beyond 3. Macroeconomic Adjustment in the Euro Area: The Role of Fiscal Policy Part 2: Empirical Analyses of National Fiscal Stances 4. Measuring and Assessing Fiscal Automatic Stabilizers 5. Getting Measures of Fiscal Stance Right for the New SGP 6. Testing the Fiscal Theory of the Price Level for European Countries: A Cointegrated VAR Approach Part 3: Fiscal Policy and the EMU Countries - Heterogeneity, Interdependence and Divergence 7. Fiscal Stabilization and the SGP Constraints: Why Size Matters 8. Assessing Financial Spillovers of National Fiscal Policies 9. Inflation Divergence and Public Deficits in a Monetary Union

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