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The Macroeconomic Effects of Taxation in a Federal Europe

Douglas Mair and Anthony J. Laramie

Chapter 1 in The Relevance of Keynesian Economic Policies Today, 1997, pp 1-26 from Palgrave Macmillan

Abstract: 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).

Keywords: Fiscal Policy; Wage Bill; Macroeconomic Effect; Marginal Propensity; Corporate Profit (search for similar items in EconPapers)
Date: 1997
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-25425-5_1

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DOI: 10.1007/978-1-349-25425-5_1

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