Fiscal Policy in the European Union

1. Front Matter

   Pages i-xv

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2. Introduction

   • Jesús Ferreiro, Giuseppe Fontana, Felipe Serrano

   Pages 1-5

3. Fiscal Federalism in the European Union: How Far Are We?

   • Rui Henrique Alves, Oscar Afonso

   Pages 6-24

4. Is There Compatibility between the Stability and Growth Pact and Automatic Fiscal Stabilizers?

   • Sabrina Rostaing-Paris

   Pages 25-52

5. Stabilization Capacity and Fiscal Policy in the EMU

   • Jorge Uxó González, M. Jesús Arroyo Fernández

   Pages 53-83

6. Fiscal Adjustment and Composition of Public Expenditures in the EMU

   • Jesús Ferreiro, M. Teresa García-del-Valle, Carmen Gómez

   Pages 84-108

7. Public Capital and Economic Growth: a Spurious Empirical Link?

   • Gwenaëlle Poilon

   Pages 109-128

8. Has France Become a Deficit Running Country?1

   • Jérôme Creel, Guy Gilbert, Thierry Madiès

   Pages 129-156

9. How to Deal with Economic Divergences in the EMU?

   • Catherine Mathieu, Henri Sterdyniak

   Pages 157-183

10. A Scheme to Coordinate Monetary and Fiscal Policies in the Euro Area

    • Carlo Panico, Marta Vázquez Suárez

    Pages 184-208

11. Back Matter

    Pages 209-219

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This book provides a comprehensive analysis of national fiscal policies in the European Union and in the European Monetary Union. Adopting a critical perspective, the book offers a deep insight into the consequences of the current strategy of national fiscal policies on economic activity.

• capital
• economic growth
• European Monetary Union
• European Union (EU)
• fiscal policy
• growth
• monetary union

• University of the Basque Country, Bilbao, Spain

  Jesús Ferreiro, Felipe Serrano

• University of Leeds, UK

  Giuseppe Fontana

• Università del Sannio, Italy

  Giuseppe Fontana

OSCAR AFONSO Assistant Professor in Economics, Faculty of Economics, University of Porto, Portugal RUI HENRIQUE ALVES Invited Lecturer, Faculty of Economics, University of Porto, Portugal Mª JESÚS ARROYO FERNÁNDEZ Associate Professor of Economics (with Tenure), Universidad CEU San Pablo, Madrid, Spain JÉRÔME CREEL Deputy Director, Observatoire Français des Conjonctures Economiques (OFCE, Sciences Po), Paris since 2003; Professor of Economics, ESCP-EAP European School of Management TERESA GARCÍA DEL VALLE Associate Professor of Statistics, University of the Basque Country, Bilbao, Spain GUY J. GILBERT Full Professor of Economics, Ecole Normale Supérieure at Cachan; Member, Centre d'Economie de la Sorbonne-Paris I University CARMEN GÓMEZ Lecturer in Economics, University of the Basque Country, Bilbao, Spain THIERRY MADIÈS Full Professor of Economics, University of Fribourg, Switzerland; Member, Council of Economic Analysis of the French Prime Minister CATHERINE MATHIEU Senior Economist, Analysis and Forecasting Department, OFCE (Observatoire français des conjonctures économiques), Paris, France CARLO PANICO Professor of Economics, University of Naples 'Federico II', Italy GWENAËLLE POILON Institut d'Etudes Politiques de Paris; Observatoire Français de la Conjoncture Economique (OFCE) SABRINA ROSTAING-PARIS Lecturer, University of Bordeaux 4, France HENRI STERDYNIAK Head, Economics of Globalisation Department, OFCE(Observatoire français des conjonctures économiques), Paris, France; Professor of Economics, University of Paris-Dauphine, France; Member, Steering Committee, AFSE (Association Française de Science Economique); Member, EUROFRAME (European network of economic institutes) JORGE UXÓ GONZÁLEZ Associate Professor of Economics, Universidad CEU San Pablo, Madrid, Spain MARTA VÁZQUEZ SUÁREZ Santiago University, Spain

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