The Behaviour of Fiscal Authorities: Stabilisation, Growth and Institutions

Overview by the editors PART 1: HOW DO FISCAL AUTHORITIES BEHAVE? Strategies of Budgetary Consolidation in the 1990s; J.von Hagen, A.Hughes Hallet & R.Strauch Entry and Exit Dynamics from Excessive Deficits; A.Bayar & P. de Boer Convergence of Fiscal Policies in the Euro Area; O.De Bandt & F.Mongelli Fiscal policy and the size of governments; C. Martinez-Mongay Budgetary Institutions for Sustainable Public Finances; J.von Hagen, A.Hughes Hallet & R.Strauch PART 2: FISCAL POLICY FOR STABILISATION AND GROWTH How to allow the automatic stabilisers to operate fully? A policy maker's guide for EMU countries; Ph.Mills & A.Quinet Automatic Stabilisers in the 1990s and Beyond; P.van den Noord Fiscal Policy in the European Monetary Union: the Stabilisation Aspects; W.Roeger & H.Wijkander Gauging Ricardian Effects; A.Brunila Impact of Large Public Debt on Growth: a Discussion of Potential Channels; V.Tanzi & N.Chalk PART 3: MONETARY AND FISCAL POLICY INTERACTIONS IN EMU Debt, Deficits and the Behaviour of Monetary and Fiscal Authorities; J .Mélitz Interactions between Monetary and Fiscal Policy under a Stability Pact; M. Buti, J.In't Veld & W.Roeger Central Bank Independence, Political Uncertainty and the Assignment of Instruments to Targets; A.Hughes Hallett & N.Viegi