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The Macroeconomic Effects of Taxation in a Federal Europe

In: The Relevance of Keynesian Economic Policies Today

Author

Listed:
  • Douglas Mair
  • Anthony J. Laramie

Abstract

The signing at Maastricht on 7 February 1992 of the Treaty on European Union (hereafter the Treaty) has brought back into focus the importance of fiscal policy as a means of achieving the convergence conditions necessary for successful achievement of the Treaty’s objectives. Two sets of factors will determine the success or failure of fiscal policy post-Maastricht: (i) the seriousness of the commitment of the governments of the member states to the implementation of the fiscal policies necessary to achieve the objectives of the Treaty; and, (ii) the robustness of the theoretical reference model used to analyse the relationships between the convergence targets and the fiscal variables (Roberti and Visaggio 1994).

Suggested Citation

  • Douglas Mair & Anthony J. Laramie, 1997. "The Macroeconomic Effects of Taxation in a Federal Europe," Palgrave Macmillan Books, in: Philip Arestis & Malcolm Sawyer (ed.), The Relevance of Keynesian Economic Policies Today, chapter 1, pages 1-26, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-25425-5_1
    DOI: 10.1007/978-1-349-25425-5_1
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    Cited by:

    1. Jan Zápal, 2005. "Evropská měnová unie z post-keynesovské perspektivy [European monetary union from post keynesian perspective]," Politická ekonomie, Prague University of Economics and Business, vol. 2005(5), pages 687-701.

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