Fiscal Rules in European Monetary Union | Stability and Growth Pact and Golden Rule

Domenico Moro

ISBN 10: 3639226852 / ISBN 13: 9783639226850

Published by VDM Verlag Dr. Müller, 2010

About this Item

Fiscal Rules in European Monetary Union | Stability and Growth Pact and Golden Rule | Domenico Moro | Taschenbuch | Englisch | VDM Verlag Dr. Müller | EAN 9783639226850 | Verantwortliche Person für die EU: preigu GmbH & Co. KG, Lengericher Landstr. 19, 49078 Osnabrück, mail[at]preigu[dot]de | Anbieter: preigu.

Seller Inventory # 101378834

Bibliographic Details

• Title: Fiscal Rules in European Monetary Union | Stability and Growth Pact and Golden Rule
• Publisher: VDM Verlag Dr. Müller
• Publication Date: 2010
• Language: English
• ISBN 10: 3639226852
• ISBN 13: 9783639226850
• Binding: Taschenbuch
• Condition: Neu
• Seller catalogs:
  • Bücher

About this title

Synopsis

The Maastricht Treaty and the Stability and Growth Pact attempt to define the conditions of sound public finances which are necessary conditions for the success of European Monetary Union, setting quantitative limits to deficit and debt in EU countries. The centralisation of monetary policy and the impossibility of using exchange rates as a policy instrument make fiscal policy all the more important. Indeed, fiscal policy together with structural policy becomes the main instrument of national economic policy. This book considers, at an analytical level, how the EMU countries can manage their fiscal policy within constraints. Focusing on Stability and Growth Pact and the Golden Rule, the analysis approaches the question from three angles: the ways the budget constraint can also be considered as a solvency constraint, the desirability of fiscal constraints in a monetary union and the effect of such constraints on capital accumulation and public investment.

About the Author

Domenico Moro (D.Phil, Bologna and PhD, Warwick) is currently working as researcher at the University of Birmingham (Third Sector Research Centre). He is also a lecturer of Health Economics at Catanzaro University and Economics at Politecnico di Milano.