Fiscal Policy in the European Union [Hardcover]

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.Introduction Fiscal Federalism in the European Union: How Far Are We?; R.H.Alves ?and? O.Afonso Is there Compatibility between the Stability and Growth Pact and Automatic Fiscal Stabilisers?; S.Rostaing-Paris Stabilization Capacity and Fiscal Policy in EMU; J.U.Gonz?lez ?and? M.J.A.Fern?ndez Fiscal Adjustment and Composition of Public Expenditures in EMU; J.Ferreiro, M.T.Garc?a-del-Valle ?and C.G?mez Public Capital and Economic Growth: An Empirical Spurious Link?; G.Poilon Has France Become a Deficit Running Country?; J.Creel, G.Gilbert ?and T.Madi?s How to Deal with Economic Divergences in EMU?; C.Mathieu ?and H.Sterdyniak A Scheme to Coordinate Monetary and Fiscal Policies in the Euro Area;? C.Panico ?and M.V.Su?rezOSCAR AFONSO Assistant Professor in Economics, Faculty of Economics, University of Porto, PortugalRUI HENRIQUE ALVES Invited Lecturer, Faculty of Economics, University of Porto, PortugalM? JES?S ARROYO FERN?NDEZ Associate Professor of Economics (with Tenure), Universidad CEU San Pablo, Madrid, SpainJ?R?ME CREEL Deputy Director, Observatoire Fran?ais des Conjonctures Economiques (OFCE, Sciences Po), Paris since 2003; Professor of Economics, ESCP-EAP European School of ManagementTERESA GARC?A DEL VALLE Associate Professor of Statistics, University of the Basque Country, Bilbao, SpainGUY J. GILBERT Full Professor of Economics, Ecole Normale Sup?rieure at Cachan; Member, Centre d'Economie de la Sorbonne-Paris I UniversityCARMEN G?MEZ Lecturer in Economics, University of the Basque Country, Bilbao, SpainTHIERRY MADI?S Full Professor of Economics, University of Fribourg, Switzerland; Member, Council of Economic Analysis of the French Prime MinisterCATHERINE MATHIEU Senior Ecolc(