Maastricht: monetary constitution without a fiscal constitution?:
Gespeichert in:
Format: | Tagungsbericht Buch |
---|---|
Sprache: | German |
Veröffentlicht: |
Baden-Baden
Nomos-Verl.-Ges.
1996
|
Ausgabe: | 1. Aufl. |
Schriftenreihe: | Europa-Institut <Saarbrücken> / Sektion Wirtschaftswissenschaft: Schriften des Europa-Instituts der Universität des Saarlandes - Sektion Wirtschaftswissenschaft
3 |
Schlagworte: | |
Online-Zugang: | Inhaltsverzeichnis |
Beschreibung: | Literaturangabem |
Beschreibung: | 238 S. graph. Darst. |
ISBN: | 3789045438 |
Internformat
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245 | 1 | 0 | |a Maastricht: monetary constitution without a fiscal constitution? |c Empirica Economic Policy Forum and European Institute workshop, Saarbrücken, October 2 - 3, 1995. Robert Holzmann (Hrsg.) |
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Datensatz im Suchindex
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adam_text |
Contents
Introduction and Overview 9
Fiscal Restrictions and Monetary Union: Rationales,
Repercussions, Reforms 13
Barry Eichengreen and Jtirgen von Hagen
I. Introduction 13
II. Stage II: Fiscal Restraints as a Filter 15
1. A Simulation Model 15
2. Simulation Results 16
III. Stage III: Fiscal Restraints and Monetary Union 21
1. The Origin of Borrowing Restrictions in the United States 21
2. Borrowing Restrictions in Australia 23
3. Evidence from Other Monetary Unions 24
4. Bail Out Risk and the ECB 25
IV. Preventing Excessive Deficits: An Institutional Approach 27
V. Conclusion 30
Comment by Paul De Grauwe 34
Comment by Alexander Italianer 37
Comment by Friedrich Schneider 42
The Maastricht Fiscal Criteria: Required but Ineffective? 45
Robert Holzmann, Yves Herve and Roland Demmel
I. Introduction 45
II. Enhanced Incentives for and Likely Externalities of a Looser
Fiscal Policy in EMU 46
1. Modifications in the Economic Framework Likely to be Brought
about by EMU 47
2. Incentives for a Looser Fiscal Policy in EMU 49
3. Negative Externalities Triggered by Unsound Fiscal
Policies in EMU 52
5
III. Can the Fiscal Provisions of Maastricht Prevent Unsound Fiscal Policy
in EMU? 56
1. Discrimination Capacity ^6
2. Effective Sanctions 64
IV. A Proposal of Supplementary Criteria and Specified Sanctions 66
1. Supplementary Fiscal Criteria 67
2. Specified Sanctions 68
V. Concluding Remarks 72
Comment by Giancarlo Corsetti ''
Comment by Otmar Issing 81
Tax Competition, Tax Coordination and Tax Harmonisation:
The Effects of EMU 83
Bernd Genser and Andreas Haufler
I Introduction °
II. Commodity Taxation
1. Cross border Shopping under the Current System °
2. Switching to an Origin based VA T? 91
III. Capital Taxation "
1. The Case for a Coordinated Source Tax on Portfolio Income 101
2. Cash flow Taxation vs. Minimum Corporate Tax Rates '°
IV. Conclusions 107
Comment by A. L. Bovenberg '1
Comment by Sijbren Cnossen J 20
Comment by Stephen Smith 124
Social Policy in a Common Market: Labour Market,
Social Arbitrage, Public Finance l29
Friedrich Breyer and Martin Kolmar
I Introduction 12
II The Conception of Social Policy in the European Union '
6
III. Market Integration and National Welfare Programs 132
1. Main Determinants 134
2. Extension of Effective Mobility 140
3. Policy Implications 142
IV. Market Integration and Social Insurance without Intergenerational
Transfers 142
1. Theory 142
2. Policy Implications 144
V. Social Insurance with Intergenerational Transfers 145
1. Theory 145
2. Policy Implications 147
VI. Conclusions 148
Comment by John P. Martin 153
Comment by Pierre Pestieau 156
Comment by Bernd Raffelhuschen 159
The Distributive Implications of Economic and Monetary Union 163
David G. Mayes
I Introduction 163
II The Context of EMU 163
/. The Transition to Stage 3 164
2. Seigniorage 168
3. The Wider Context 169
4. Cohesion 170
5. The Development of Cohesion Policy 172
6. The Outlook for Stage 3 173
III. The Operation of Macroeconomic Policy under EMU 174
/. The Redistribute Effect of Monetary Policy 174
2. The Impact of Interest Rates 176
3. The Impact of the Exchange Rate 177
4. The Impact on Households 178
IV Tackling the Problems 178
/. Coping with the Problems of Transition 179
2. Developing Expenditure Programmes 179
7
3. Widening the Scope to Revenue Transfers ISO
4. Tackling the Budget as a Whole 181
V. Concluding Remarks 183
Comment by Fritz Franzmeyer I87
Comment by Bruno S. Frey 191
Omne Agens Agendo Perficitur: The Economic Meaning
of Subsidiarity 195
Lars P. Feld and Gebhard Kirchgdssner
I Introduction '95
II. The Principle of Subsidiarity 197
III. The Theory of Federalism 199
1. Checks and Balances in a Constitutional View lyy
2. Fundamentals of Fiscal Federalism ^
IV. Empirical Relevance of Fiscal Federalism and Direct Democracy 207
1. Allocative and Distributive Consequences of Tax Competition:
The Case of Switzerland 207
2. Fiscal Decentralisation and the Taming of Leviathan 2*
3. Direct Democracy and the Taming of Leviathan
4. Fiscal Federalism and the Economic Performance of Nations 2
915
V. Tasks and Financing Means of the European Union: Some Suggestions ¦*'
1. European Policy Domains
2. Financing European Activities
VI. Concluding Remarks 218
Comment by Charles B. Blankart 227
Comment by Manfred Teutemann
Comment by Hannelore Weck Hannemann
List of Contributors l
8 |
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spellingShingle | Maastricht: monetary constitution without a fiscal constitution? Europäische Union (DE-588)5098525-5 gnd Treaty on European Union (1992) Congresses Belastingpolitiek gtt EMU gtt Politique fiscale - Pays de l'Union européenne - Congrès ram Politique monétaire - Pays de l'Union européenne - Congrès ram Traité sur l'Union européenne, (1992) - Congrès ram Fiscal policy European Union countries Congresses Monetary policy European Union countries Congresses Wirtschaftspolitik (DE-588)4066493-4 gnd Finanzverfassung (DE-588)4017211-9 gnd Währungsunion (DE-588)4188829-7 gnd |
subject_GND | (DE-588)5098525-5 (DE-588)4066493-4 (DE-588)4017211-9 (DE-588)4188829-7 (DE-588)1071861417 |
title | Maastricht: monetary constitution without a fiscal constitution? |
title_auth | Maastricht: monetary constitution without a fiscal constitution? |
title_exact_search | Maastricht: monetary constitution without a fiscal constitution? |
title_full | Maastricht: monetary constitution without a fiscal constitution? Empirica Economic Policy Forum and European Institute workshop, Saarbrücken, October 2 - 3, 1995. Robert Holzmann (Hrsg.) |
title_fullStr | Maastricht: monetary constitution without a fiscal constitution? Empirica Economic Policy Forum and European Institute workshop, Saarbrücken, October 2 - 3, 1995. Robert Holzmann (Hrsg.) |
title_full_unstemmed | Maastricht: monetary constitution without a fiscal constitution? Empirica Economic Policy Forum and European Institute workshop, Saarbrücken, October 2 - 3, 1995. Robert Holzmann (Hrsg.) |
title_short | Maastricht: monetary constitution without a fiscal constitution? |
title_sort | maastricht monetary constitution without a fiscal constitution |
topic | Europäische Union (DE-588)5098525-5 gnd Treaty on European Union (1992) Congresses Belastingpolitiek gtt EMU gtt Politique fiscale - Pays de l'Union européenne - Congrès ram Politique monétaire - Pays de l'Union européenne - Congrès ram Traité sur l'Union européenne, (1992) - Congrès ram Fiscal policy European Union countries Congresses Monetary policy European Union countries Congresses Wirtschaftspolitik (DE-588)4066493-4 gnd Finanzverfassung (DE-588)4017211-9 gnd Währungsunion (DE-588)4188829-7 gnd |
topic_facet | Europäische Union Treaty on European Union (1992) Congresses Belastingpolitiek EMU Politique fiscale - Pays de l'Union européenne - Congrès Politique monétaire - Pays de l'Union européenne - Congrès Traité sur l'Union européenne, (1992) - Congrès Fiscal policy European Union countries Congresses Monetary policy European Union countries Congresses Wirtschaftspolitik Finanzverfassung Währungsunion Europäische Union. Mitgliedsstaaten Konferenzschrift 1995 Saarbrücken |
url | http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=007347802&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA |
volume_link | (DE-604)BV010915171 |
work_keys_str_mv | AT holzmannrobert maastrichtmonetaryconstitutionwithoutafiscalconstitution AT empiricawirtschaftsundsozialwissenschaftlicheforschungsundberatungsgesellschaftbonn maastrichtmonetaryconstitutionwithoutafiscalconstitution AT economicpolicyforumsaarbrucken maastrichtmonetaryconstitutionwithoutafiscalconstitution |