Description
This book is about budgetary policy modelling in the European context. There are different approaches used, including theoretical modelling, econometrics, and applied general equilibrium modelling. Empirical evidence and case studies are included in all the papers. The four general themes of public budget policy are economic stabilization, reinforcing structural change, its distributional effects, and social equity. The book covers the topic of endogenous economic growth as well.
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; and endogenous economic growth.
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