International Monetary Economics

1
International Monetary Economics
2
Fiscal Policy and the Stability Pact
3
Limits on effectiveness
4
A Crucial Distinction Automatic vs Discretionary
5
Automatic Stabilizers
6
Discretionary
7
The Structural Budget Balance A Formal
Presentation
8
A Crucial Distinction Automatic vs Discretionary
9
Should the Instrument Be Subjected to Some Form
of Collective Control?
10
Income Spillovers 1972-2004
11
Should the Instrument Be Subjected to Some Form
of Collective Control?
12
The Most Serious Concern The Deficit Bias
13
What is the Problem with the Deficit Bias?
14
The Answer to Default Risk The No Bailout Clause
15
The Answer to Default Risk The No Bailout Clause
16
In the End, Should Fiscal Policy Independence be
Limited?
17
The General Principles
18
How to Restrain Fiscal Policies
19
The Stability and Growth Pact
20
How the Pact Works
21
The Procedure
22
The Fine Schedule
23
How is the Fine Levied
24
The Broad Economic Policy Guidelines
25
Issues Raised by the Pact (1)
26
Issues Raised by the Pact (2)
27
Issues Raised by the Pact (3)
28
Issues Raised by the Pact (3)
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Issues Raised by the Pact (3)
30
The Early Years (Before Slowdown)
31
Further Controversies