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Fiscal Adjustment and Composition of Public Expenditures in the EMU

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Fiscal Policy in the European Union

Abstract

The rules and norms set out in the Maastrich Treaty and in the Stability and Growth Pact (SGP) have involved for the European Monetary Union (EMU) member states the implementation of an orthodox strategy of fiscal policy based on the correction of fiscal imbalances and cuts in the current sizes of public revenues and expenditures.

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Authors
  1. Jesús Ferreiro
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  2. M. Teresa García-del-Valle
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  3. Carmen Gómez
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Editor information

Editors and Affiliations

  1. University of the Basque Country, Bilbao, Spain

    Jesús Ferreiro (Associate Professor in Economics) & Felipe Serrano (Professor in Economics) (Associate Professor in Economics) &  (Professor in Economics)

  2. University of Leeds, UK

    Giuseppe Fontana (Professor of Monetary Economics, Associate Professor) (Professor of Monetary Economics, Associate Professor)

  3. Università del Sannio, Italy

    Giuseppe Fontana (Professor of Monetary Economics, Associate Professor) (Professor of Monetary Economics, Associate Professor)

Copyright information

© 2008 Jesús Ferreiro, M. Teresa García-del-Valle and Carmen Gómez

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Ferreiro, J., García-del-Valle, M.T., Gómez, C. (2008). Fiscal Adjustment and Composition of Public Expenditures in the EMU. In: Ferreiro, J., Fontana, G., Serrano, F. (eds) Fiscal Policy in the European Union. Palgrave Macmillan, London. https://doi.org/10.1057/9780230228269_5

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