Overview
- Discusses the possible future development (including debt projections) and debt resolution options
- Presents an up-to-date and in-depth qualitative and quantitative analysis of the Southern EU economies
- Connects the fiscal positions of the EU4 countries with other (seemingly non-fiscal) factors
Part of the book series: Contributions to Finance and Accounting (CFA)
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Table of contents (10 chapters)
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Front Matter
Keywords
About this book
This book examines public debt hoarding within the Euro Area, which is one of the most complicated challenges regarding modern fiscal policy-making. The author offers an up-to-date analysis of the fiscal situations of Italy, Spain, Portugal, and Greece. The book describes key mechanisms of debt transmission, discusses the potential establishment of fiscal and debt union in the EU, identifies numerous implications, and connects the fiscal positions of the examined countries with the structural flaws of the Euro Area and the monetary policy of the European Central Bank. Moreover, the work presents an estimation of structural budget balances, including a comparison with the estimates of major international institutions such as the IMF, OECD, and European Commission. A separate chapter is devoted to analysing the fiscal policy determinants, using time series since the late 19th century, and the issue of fiscal policy efficiency. Finally, the work provides an overview of debt resolutionoptions. Overall, this book offers eight core chapters intended for the public, professional economists, and policymakers.
Reviews
prof. Ing. Erika Pastoráková, Ph.D., Dean of the Faculty of National Economy, University of Economics in Bratislava (Slovakia)
The monograph contains valuable new insights regarding both qualitative and quantitative analyses. For instance, I appreciate the estimations of structural budget balances, fiscal multipliers, fiscal determinants, and fiscal projections, including sensitivity analyses. This book is addressed primarily to researchers and policymakers. However, its value added will contribute to a broader audience, including doctoral students or public officers involved in the area of public finance.
doc. Ing. Eva Zamrazilová, CSc., Deputy Governor of the Czech National Bank (Czech Republic)
Authors and Affiliations
About the author
Milan Bednář is a graduate of the Prague University of Economics and Business, Czech Republic, where he obtained his PhD in Economic Policy. Currently, he is an Assistant Professor at the Department of Economic and Social Policy at the Faculty of Economics of the Prague University of Economics and Business, Czech Republic. He is a lecturer of various courses, including European Union and Its Policies, Introduction to Economic and Social Policy, Monetary Policy and Business Cycle, Macroeconomic Analysis, and Applied Econometrics. His research focuses on macroeconomic analysis of European countries and policy-making in the European Union.
Bibliographic Information
Book Title: Fiscal Policy in the Southern European Union Countries
Book Subtitle: The Aftermath of COVID-19
Authors: Milan Bednář
Series Title: Contributions to Finance and Accounting
DOI: https://doi.org/10.1007/978-3-031-29761-8
Publisher: Springer Cham
eBook Packages: Economics and Finance, Economics and Finance (R0)
Copyright Information: The Editor(s) (if applicable) and The Author(s), under exclusive license to Springer Nature Switzerland AG 2023
Hardcover ISBN: 978-3-031-29760-1Published: 11 May 2023
Softcover ISBN: 978-3-031-29763-2Published: 12 May 2024
eBook ISBN: 978-3-031-29761-8Published: 10 May 2023
Series ISSN: 2730-6038
Series E-ISSN: 2730-6046
Edition Number: 1
Number of Pages: XXIII, 145
Number of Illustrations: 43 illustrations in colour
Topics: Macroeconomics/Monetary Economics//Financial Economics, European Economics, Public Economics, Public Economics