Fiscal Policy in Economic and Monetary Union - 9781845420178

Fiscal Policy in Economic and Monetary Union - 9781845420178

Fiscal Policy in Economic and Monetary UnionTheory, Evidence and Institutions\nAuthor(s): Marco Buti, Daniele Franco\nFormat: Hardback\nPublisher: Edward Elgar Publishing Ltd, United Kingdom\nImprint: Edward Elgar Publishing Ltd\nISBN-13: 9781845420178, 978-1845420178\nSynopsis\nThis book explores the origins, rationale, problems and prospects of the European fiscal policy framework. It provides the reader with a roadmap to EMU's budgetary framework by exploring its theoretical and empirical foundations, uncovering its historical roots and emphasising its supranational [url] authors, who have been at the forefront of the academic and policy debate on economic policy in Europe, argue that fiscal policy has always been at the core of the EMU debate. The Maastricht criteria and the Stability and Growth Pact are the most contentious building blocks of EMU's institutional architecture: they have aroused heated controversies between academics and policymakers ever since their adoption. As .

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