Fiscal Adjustment and Composition of Public Expenditures in the EMU

Jesus Ferreiro (), M. Teresa García-del-Valle and Carmen Gómez

Chapter 4 in Fiscal Policy in the European Union, 2008, pp 84-108 from Palgrave Macmillan

Abstract: 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.

Keywords: Fiscal Policy; Public Expenditure; Public Spending; European Monetary Union; Social Expenditure (search for similar items in EconPapers)
Date: 2008
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-22826-9_5

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DOI: 10.1057/9780230228269_5

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