Selected Euro-Area Countries : Rules-Based Fiscal Policy and Job-Rich Growth in France, Germany, Italy and Spain

Author/Editor:

International Monetary Fund

Publication Date:

November 7, 2001

Electronic Access:

Free Full text (PDF file size is 4071 KB).Use the free Adobe Acrobat Reader to view this PDF file

Summary:

Fiscal deficits and the public debt has grown throughout much of the postwar period in most industrialized countries under the pressure of rising public expenditure, a trend that has begun to reverse after 1992. A number of studies argue that fiscal consolidation in association with expenditure restraint, particularly reductions in primary current expenditure, has proved more durable historically. All in all, the fiscal consolidation essential to qualify for European Monetary Union is a major achievement but also a difficult process in the four countries (France, Germany, Italy, and Spain).

Series:

Country Report No. 01/203

Subject(s):

English

Publication Date:

November 7, 2001

ISBN/ISSN:

9781451813005/1934-7685

Stock No:

1EUREA0052001

Price:

$15.00 (Academic Rate:$15.00)

Format:

Paper

Pages:

121

Please address any questions about this title to publications@imf.org