Public Finances and Fiscal Policy

Carmela Martín
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Carmela Martín: Jean Monnet Professor of European Integration, Universidad Complutense de Madrid

Chapter 5 in The Spanish Economy in the New Europe, 2000, pp 88-116 from Palgrave Macmillan

Abstract: Abstract Since at least the early 1980s, the size of the budget deficit in nearly all European countries and the need to restrain it have been a source of mounting concern, which governments have addressed through diverse and often dissimilar measures. Only naturally, the efforts to find, and to follow, the best policies for consolidating budget deficits intensified after the signing of the Maastricht Treaty, because of the requirement that EMU member countries keep their deficits and debt at less than 3 per cent and 60 per cent of GDP, respectively.

Keywords: Welfare State; Fiscal Policy; Euro Area; Public Spending; Monetary Union (search for similar items in EconPapers)
Date: 2000
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-59710-5_6

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DOI: 10.1057/9780230597105_6

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