Fiscal policy is one of the three pillars of what Dr. Ottmar Issing (2002) has called the Maastricht Assignment. For the Eurozone as a whole, the Central Bank is responsible for area-wide price stability. The twelve national fiscal authorities are responsible for fiscal policy - country by...

The future of built-in stabilizers is currently a matter of concern due to the various challenges arising from the processes of fiscal consolidation, international integration and the reflux from the welfare state. The book gathers relevant material for assessing the issue from both theoretical...

Yngve Lindh and Gösta Ljungman focus on the scope for stabilisation policies in the context of the strict Swedish fiscal framework, characterized by three mutually supportive elements: a surplus target for general government, a multi annual nominal expenditure ceiling for the central government...