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Fiscal Policy Coordination And Emu
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Book Synopsis Monetary and Fiscal Policies in EMU by : Marco Buti
Download or read book Monetary and Fiscal Policies in EMU written by Marco Buti and published by . This book was released on 2003 with total page 254 pages. Available in PDF, EPUB and Kindle. Book excerpt: Leading scholars and policy makers examine the challenges that are facing economic policies in the EMU today.
Book Synopsis Is Fiscal Policy Coordination in EMU Desirable? by : Roel M. W. J. Beetsma
Download or read book Is Fiscal Policy Coordination in EMU Desirable? written by Roel M. W. J. Beetsma and published by . This book was released on 2001 with total page 50 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Is Fiscal Policy Coordination in Emu Desirable? by : Roel M. W. J. Beetsma
Download or read book Is Fiscal Policy Coordination in Emu Desirable? written by Roel M. W. J. Beetsma and published by . This book was released on 2006 with total page 45 pages. Available in PDF, EPUB and Kindle. Book excerpt: It is widely argued that Europe`s unified monetary policy calls for international coordination at the fiscal level. We survey the issues involved in such coordination in the perspective of macroeconomic stabilization. A simple model identifies the circumstances under which coordination may be desirable. Coordination is beneficial when the cross-country correlation of the shocks is low. However given the potentially adverse reaction by the ECB (as a result of free-riding or a conflict on the orientation of the policy mix) fiscal coordination is likely to prove counterproductive when demand or supply shocks are highly symmetric across countries and the governments are unable to acquire a strategic leadership position vis-agrave;-vis the ECB.
Book Synopsis Fiscal policy coordination and EMU by : Andrew Brociner
Download or read book Fiscal policy coordination and EMU written by Andrew Brociner and published by . This book was released on 1992 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis MacRoeconomic Policy Coordination in Emu? by : Keqiang Li
Download or read book MacRoeconomic Policy Coordination in Emu? written by Keqiang Li and published by LAP Lambert Academic Publishing. This book was released on 2011-12 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt: The European debt crisis has become much more serious recently and spread from small economy, e.g. Greece to larger economy, e.g. Spain, Italy. A major reason for this problem is the unique characteristic of fiscal policy and monetary policy within the euro zone. The national fiscal policies are decided by every member state, and may be different from each other, while the single united monetary policy is made by the ECB. As a result, the macroeconomic coordination problem is likely to emerge. This paper investigates the interactions between monetary and fiscal policies within a monetary union and assesses the ECB's policy in promoting the macroeconomic coordination. Two types of macroeconomic coordination failure may emerge in the context of the monetary union. Since the coordination failure can bring large inefficient loss to the economy at the union level, the macroeconomic coordination is absolutely necessary.
Book Synopsis Fiscal Policy Without a State in EMU? by : J. Kaarlejärvi
Download or read book Fiscal Policy Without a State in EMU? written by J. Kaarlejärvi and published by Springer. This book was released on 2007-10-26 with total page 307 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book examines fiscal policy coordination in EMU and the required adjustments to national fiscal policies by EMU member states. The book shows that, in the process of Europeanization, national interests have had a major impact on the formation of fiscal policy coordination.
Book Synopsis Macroeconomic Policy Coordination in EMU by : Theresa Petra Hauck
Download or read book Macroeconomic Policy Coordination in EMU written by Theresa Petra Hauck and published by GRIN Verlag. This book was released on 2016-09-14 with total page 72 pages. Available in PDF, EPUB and Kindle. Book excerpt: Bachelor Thesis from the year 2016 in the subject Economics - Macro-economics, general, grade: 1,0, University of Bamberg, language: English, abstract: The financial crisis and the subsequent European sovereign debt crisis have highlighted the high degree of interdependence among EMU member states. The crisis period made much more clear that a macroeconomic policy coordination framework is indispensable as there is great sensibility and high risk for contagion effects. The structure of EMU in its highest level of integration as of one monetary authority vis-à-vis many fiscal authorities brings about several specific aspects regarding coordination. In order to achieve and ensure economic stability in such a unique constellation there have been established several measures and frameworks with the Stability and Growth Pact as the centre point. Designed on the grounds of and motivated by the objective of stabilising the overall economy, the pact promotes fiscal discipline through limiting government deficits and debts in order to prevent adverse fiscal spillover effects and freeriding behaviour of national fiscal authorities which could risk price and overall macroeconomic stability of the common currency area. This however brings about limitations for governments to discretionarily react to national economic needs and conditions. This bachelor thesis addresses the resulting tension between a theoretical and fundamental need for macroeconomic policy coordination in a monetary union environment and the politico-economic reality. The main goals are: to examine the main arguments in favour and against the pact under the areas of content, objectives and enforcement design; to highlight the resulting trade-offs; and to link these to developments and reforms of the pact but also to different economic contexts, namely the time period before and the time period during and after the crisis. The main finding is that reforms regarding macroeconomic policy coordination which were introduced after the beginning of the crisis period do not represent a rearrangement of the SGP framework and rather address the same debate on economic trade-offs only with a changed set of conditions. The reforms regarding the pact can be described as developments refocusing on the core of the pact while still shifting it in the directions of some propositions along with criticism which had been expressed long before the crisis period.
Book Synopsis Will Fiscal Policy Be Effective Under EMU? by : Mr.M. Cangiano
Download or read book Will Fiscal Policy Be Effective Under EMU? written by Mr.M. Cangiano and published by International Monetary Fund. This book was released on 1998-12-01 with total page 33 pages. Available in PDF, EPUB and Kindle. Book excerpt: European Economic and Monetary Union does not envisage creating a central fiscal authority. Monetary and exchange rate policies will be centralized, but fiscal policy will remain a national responsibility, in line with the subsidiarity principle. This paper argues that monetary union will generate pressures for closer economic integration than currently envisaged. Although not a necessity, a more active central role could then be justified on the grounds of allocative efficiency, redistribution, and stabilization. While in the short term enhanced policy coordination may address those pressures satisfactorily, as economic integration proceeds, the case for a central fiscal authority may become stronger.
Book Synopsis Fiscal Policy, Automatic Stabilisers and Policy Coordination in EMU by : Matti Virén
Download or read book Fiscal Policy, Automatic Stabilisers and Policy Coordination in EMU written by Matti Virén and published by . This book was released on 1999 with total page 33 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis The Stability and Growth Pact by : A. Brunila
Download or read book The Stability and Growth Pact written by A. Brunila and published by Springer. This book was released on 2001-09-20 with total page 446 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Stability and Growth Pact (SGP) encompasses the legislative text and political resolutions regulating fiscal policy and public finances in EMU. The contributions in this volume analyse the institutional, legal, theoretical and empirical aspects of the SGP, examine its development and evaluate its main implications. The authors include academic economists, who provide insightful analysis, and policy makers who have contributed to the shaping of the pact and have a direct responsibility for its implementation. This book is the definitive source of reference on the SGP for academics, policy makes and economists.
Book Synopsis Fiscal Policy Coordination and the EMU by : Andrew Brociner
Download or read book Fiscal Policy Coordination and the EMU written by Andrew Brociner and published by . This book was released on 1991 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Structural Distortions and Decentralized Fiscal Policies in EMU by : Roel M. W. J. Beetsma
Download or read book Structural Distortions and Decentralized Fiscal Policies in EMU written by Roel M. W. J. Beetsma and published by . This book was released on 2001 with total page 78 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Effects of the European Economic and Monetary Union (EMU) on Taxation and Interest Spending of National Governments by : Mr.Francesco P. Mongelli
Download or read book Effects of the European Economic and Monetary Union (EMU) on Taxation and Interest Spending of National Governments written by Mr.Francesco P. Mongelli and published by International Monetary Fund. This book was released on 1997-07-01 with total page 37 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper examines the interest spending and taxation channels through which EMU could affect the public finances. It provides a framework for examining different views on a further narrowing of interest rate differentials. A model of Blanchard and Fischer is amended to analyze the two channels, and empirical evidence on the tax harmonization process is presented. The paper argues that “high-debt” and “high-tax” countries pursuing prudent fiscal policies could benefit the most from EMU: if monetary and widespread fiscal discipline are jointly established, interest rates could decline rapidly, while tax harmonization is likely to be gradual.
Book Synopsis Economic Policy Coordination in the EMU by : Fritz Breuss
Download or read book Economic Policy Coordination in the EMU written by Fritz Breuss and published by . This book was released on 1999 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Fiscal Policy: Coordination, Discipline and Stabilisation by : Anne Brunila
Download or read book Fiscal Policy: Coordination, Discipline and Stabilisation written by Anne Brunila and published by . This book was released on 2002 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author :Andrew J. Hughes Hallett Publisher :Springer Science & Business Media ISBN 13 :1475747381 Total Pages :222 pages Book Rating :4.4/5 (757 download)
Book Synopsis Challenges for Economic Policy Coordination within European Monetary Union by : Andrew J. Hughes Hallett
Download or read book Challenges for Economic Policy Coordination within European Monetary Union written by Andrew J. Hughes Hallett and published by Springer Science & Business Media. This book was released on 2013-06-29 with total page 222 pages. Available in PDF, EPUB and Kindle. Book excerpt: The launch of European Monetary Union (EMU) marked the beginning of a new era, and its establishment has proved an impressive success at the technical, legal, and procedural level. After all, EMU has accelerated economic and political integration in the European Union and tied the economies of the Member States closer together. However, the performance of the euro, high unemployment rates, uneven output and investment growth, and the issue of structural reforms that have yet to be tackled have raised questions about the performance of EMU in practice. There is a general consensus on the justification for economic policy coordination. The existing literature on economic policy coordination, however, seems far from able to provide robust conclusions about how to organize the necessary interaction of institutions and policies. Therefore, there seems to be a case for re-examining the subject under the new framework set by EMU. The objective of such a reassessment is to enhance the understanding of what type of coordination and what institutional setting for policy coordination can be expected to be most favorable. Challenges for Economic Policy Coordination within European Monetary Union provides an intellectually stimulating contribution to the ongoing debate.
Book Synopsis Monetary Policy, Fiscal Policies and Labour Markets by : R. Beetsma
Download or read book Monetary Policy, Fiscal Policies and Labour Markets written by R. Beetsma and published by Cambridge University Press. This book was released on 2004-02-19 with total page 391 pages. Available in PDF, EPUB and Kindle. Book excerpt: Following the birth of the European Monetary Union (EMU) economists are still divided in their assessment of the ability of its key institutions to provide macroeconomic stability and foster the reforms necessary to stimulate economic growth. In this collection, experts focus on issues of fiscal policy, monetary policy and labour markets and ask: Can the stability and growth pact provide an adequate framework for the conduct of national fiscal policies? Is the ECB reacting with competence and flexibility to a rapidly changing macroeconomic environment? How do national labour markets react to the macroeconomic institutions and what are the structural reforms needed in labour markets? Blending empirical and theoretical data, this book offers one of the most comprehensive surveys of research in macroeconomic policymaking within the EMU.
