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About this book
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.
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Table of contents (16 chapters)
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Front Matter
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Introduction
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Does EMU Need Fiscal Rules?
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Front Matter
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Where Does the Pact Come From?
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Front Matter
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How Does the Pact Work?
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Front Matter
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‘Close to Balance or in Surplus’: The Medium-Term Budgetary Targets
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Front Matter
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Fiscal Policy Coordination Under the Pact
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Front Matter
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Public Debt Under the Stability and Growth Pact
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Front Matter
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About the authors
MICHAEL J. ARTIS European University Institute
FABRIZIO BALASSONE Research Department, Bank of Italy
RAY BARRELL National Institute for Economic and Social Research
ROEL BEETSMA University of Amsterdam and CEPR
ANTONIO J. CABRAL Directorate-General for Economic and Financial Affairs, European Commission
MATTHEW B. CANZONIERI Georgetown University
ALESSANDRA CASELLA Columbia University
DECLAN COSTELLO Directorate-General for Economic and Financial Affairs, European Commission
THOMAS DALSGAARD Organisation for Economic Co-operation and Development
BEHZAD T. DIBA Georgetown University
KAREN DURY National Institute for Economic and Social Research
JONAS FISCHER Directorate-General for Economic and Financial Affairs, European Commission
GABRIELE GIUDICE Directorate-General for Economic and Financial Affairs, European Commission
PAUL HIEBERT European Central Bank
SIXTEN KORKMAN Council of the European Union
ALESSANDRO MISSALE University of Florence
JAVIER PÉREZ-GARCIA European Central Bank
MASSIMO ROSTAGNO European Central Bank
ALAIN DE SERRES Organisation for Economic Co-operation and Development
JUERGEN STARK Bundesbank
MATTI VIRÉN University of Turku and Bank of Finland
Bibliographic Information
Book Title: The Stability and Growth Pact
Book Subtitle: The Architecture of Fiscal Policy in EMU
Editors: Anne Brunila, Marco Buti, Daniele Franco
DOI: https://doi.org/10.1057/9780230629264
Publisher: Palgrave Macmillan London
eBook Packages: Palgrave Business & Management Collection, Business and Management (R0)
Copyright Information: Palgrave Macmillan, a division of Macmillan Publishers Limited 2001
Hardcover ISBN: 978-0-333-96145-2Published: 20 September 2001
Softcover ISBN: 978-1-349-42727-7Published: 20 September 2001
eBook ISBN: 978-0-230-62926-4Published: 20 September 2001
Edition Number: 1
Number of Pages: XIV, 439
Topics: International Economics, Macroeconomics/Monetary Economics//Financial Economics, Development Economics, Business Finance, Economic Policy, International Business