{"product_id":"fiscal-aspects-of-european-monetary-integration-hardback-9780521651622","title":"Fiscal Aspects of European Monetary Integration (Hardback) 9780521651622","description":"\u003cfont face=\"Georgia\"\u003e\r\n\u003cp\u003e\u003cfont size=\"6\"\u003eFiscal Aspects of European Monetary Integration\u003c\/font\u003e\u003cbr\u003e\r\n\r\n\r\n\u003c\/p\u003e\n\u003cp\u003e\u003cem\u003eA survey of fiscal policy under the restrictions of a single monetary policy and the Stability Pact.\u003c\/em\u003e\u003c\/p\u003e\r\n\r\n\r\n\u003cp\u003e\u003cfont size=\"4\"\u003eAndrew Hughes Hallett (Edited by), Michael M. Hutchison (Edited by), Svend E. Hougaard Jensen (Edited by)\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e9780521651622, Cambridge University Press\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003eHardback, published 7 October 1999\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e362 pages\u003cbr\u003e22.9 x 15.2 x 2.4 cm, 0.71 kg\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\r\n\r\n\u003cp align=\"justify\"\u003e\u003cem\u003e\u003cfont size=\"3\"\u003e\"This volume is devoted to the complex fiscal policy implications of the European Monetary Union.\"    Journal of Macroeconomics\u003c\/font\u003e\u003c\/em\u003e\u003c\/p\u003e\r\n\r\n\u003cp align=\"justify\"\u003e\u003cstrong\u003e\u003cfont size=\"3\"\u003eMonetary 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.\u003c\/font\u003e\u003c\/strong\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e1. Fiscal aspects of European monetary integration: an introduction Andrew Hughes Hallett, Michael M. Hutchison and Svend E. Hougaard Jensen\u003cbr\u003e Part I. Institutions and Political Economy: 2. Institutions and fiscal policy in EMU Niels Thygesen\u003cbr\u003e 3. A political economy analysis of the Maastricht and Stability Pact fiscal criteria Thomas F. Willett\u003cbr\u003e Part II. Automatic Stabilizers in a Monetary Union: 4. Budgetary norms and EMU Torben M. Andersen and Robert Dogonowski\u003cbr\u003e 5. Regional adjustment and the welfare economics of monetary unification: what are the benefits of exchange rate flexibility and fiscal insurance? Kenneth M. Kletzer\u003cbr\u003e 6. Nominal stability, real convergence, and fiscal transfers in a monetary union Svend E. Hougaard Jensen\u003cbr\u003e Discussion: Automatic Stabilizers and Fiscal Transfers Neil Rankin\u003cbr\u003e Part III. The Stability and Growth: Pact 7. The Stability Pact: Trading-off Flexibility for Credibility? Michael Artis and Bernhard Winkler\u003cbr\u003e 8. The stability and growth pact in a model with politically-induced deficit biases Roel M. W. J. Beetsma\u003cbr\u003e 9. Implications of the Growth and Stability Pact: why the growth element is important Andrew Hughes Hallett and Peter McAdam\u003cbr\u003e Discussion: the Stability Pact and Fiscal Policy Clas Wihlborg\u003cbr\u003e Part IV. Asymmetric Business Cycles and Fiscal Linkages in Europe: 10. Costs of EMU and economic convergence Michael Bergman and Michael M. Hutchison\u003cbr\u003e 11. Fiscal consolidation in Europe: some empirical issues Christopher Allsopp, Warwick McKibben and David Vines\u003cbr\u003e 12. Could the ins hurt the outs? A welfare analysis of International Financial Fiscal Links Giancarlo Corsetti and Paolo Pesenti\u003cbr\u003e Discussion: insiders and outsiders in EMU Paul De Grauwe.\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003eSubject Areas: Macroeconomics [\u003ca title=\"See our other books on Macroeconomics\" href=\"https:\/\/freshlyprintedbooks.co.uk\/search?q=%22Macroeconomics%20%5BKCB%5D%22\"\u003eKCB\u003c\/a\u003e]\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\r\n\u003c\/font\u003e","brand":"Cambridge University Press","offers":[{"title":"Default Title","offer_id":46251980226840,"sku":"9780521651622","price":75.48,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0730\/2037\/5320\/products\/9780521178273.jpg?v=1691927779","url":"https:\/\/freshlyprintedbooks.co.uk\/products\/fiscal-aspects-of-european-monetary-integration-hardback-9780521651622","provider":"Freshly Printed Books","version":"1.0","type":"link"}