1st Edition

Fiscal Policy Making in the European Union An Assessment of Current Practice and Challenges

Edited By Martin Larch, João Nogueira Martins Copyright 2010
224 Pages
by Routledge

224 Pages
by Routledge

224 Pages
by Routledge

This book examines key aspects of the measurement of fiscal policy making in the EU fiscal surveillance framework, highlighting strengths and weaknesses of current assessment practice. Based on the proceedings of a workshop organized by the European Commission’s Directorate-General Economic and Financial Affairs, the book’s contributions from leading experts will be of particular value to... Read more

1. Introduction Part I "Long-term Sustainability" 2. A Further Inquiry about the Sustainability of Fiscal Policy in the EU 3. Unfunded Obligation Measures for EU Countries Part II "Measurement of the Underlying Budgetary Position and Discretionary Fiscal Policy" 4. Budget Balances Decomposed: Tracking Fiscal Policy in Austria 5. The Dynamic Behaviour of Budget Components and Output – the Cases of France, Germany, Portugal and Spain Part III "Reliability of Fiscal Indicators" 6. The Reliability of EMU Fiscal Indicators: Risks and Safeguards 7. Uncertainty Bounds for Cyclically Adjusted Budget Balances.

Biography

Martin Larch, João Nogueira Martins