IDEAS home Printed from https://ideas.repec.org/h/pal/palchp/978-0-230-62926-4_11.html
   My bibliography  Save this book chapter

Fiscal Policy, Automatic Stabilisers and Coordination

In: The Stability and Growth Pact

Author

Listed:
  • Matti Virén

Abstract

This chapter deals with the fiscal policy behaviour of EU/EMU countries Fiscal policy has become increasingly important in economic policy in general and in the case of European Monetary Union in particular. As far as EMU is concerned, only fiscal policy can be used in offsetting country-specific shocks. On the other hand, fiscal policy is now subject to certain limits that reduce the room for policy manoeuvring The excessive deficit criterion (laid down in the Maastricht Treaty and in the Stability and Growth Pact) may have far-reaching influence on policy behaviour because now the policy-makers have to consider very carefully what is the correct and feasible policy stance. Accordingly, there is less room for fiscal policy errors.

Suggested Citation

  • Matti Virén, 2001. "Fiscal Policy, Automatic Stabilisers and Coordination," Palgrave Macmillan Books, in: Anne Brunila & Marco Buti & Daniele Franco (ed.), The Stability and Growth Pact, chapter 11, pages 259-286, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-62926-4_11
    DOI: 10.1057/9780230629264_11
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Herzog, Bodo, 2005. "Why do bigger countries have more problems with the Stability and Growth Pact?," University of Göttingen Working Papers in Economics 40, University of Goettingen, Department of Economics.
    2. Barrell, Ray & Pina, Alvaro M., 2004. "How important are automatic stabilisers in Europe? A stochastic simulation assessment," Economic Modelling, Elsevier, vol. 21(1), pages 1-35, January.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pal:palchp:978-0-230-62926-4_11. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.palgrave.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.