ABSTRACT
The focus of this volume is on the European context of public budget policy and a variety of different approaches are used - theoretical modelling, econometrics and applied general equilibrium modelling. Empirical evidence and case studies of European countries are contained in all the papers.
The papers cover the four general themes of public budget policy:
* economic stabilization, in view of the Economic and Monetary Union in the European Community
* reinforcing structural change, involved in market liberalization and harmonization of economic structures
* its distributional effects and implications for social equity
* endogenous economic growth.
TABLE OF CONTENTS
chapter |5 pages
Part I Theoretical aspects PUBLIC EXPENDITURES, TAXES, DEBT AND ENDOGENOUS GROWTH
part |1 pages
STRUCTURAL ADJUSTMENT AND PUBLIC DEFICIT: A CGE MODELLING ANALYSIS FOR GREECE Pantélis Capros and Pavlos Karadeloglou
chapter 1|20 pages
PUBLIC DEFICITS AND INCOME DISTRIBUTION: RESULTS OF AN ECONOMETRIC BUSINESS CYCLE MODEL FOR THE FEDERAL REPUBLIC OF GERMANY
part |1 pages
PART II PUBLIC DEFICITS AND STABILIZATION
part |1 pages
PART III STRUCTURE OF PUBLIC EXPENDITURES AND IMPLICATIONS
