The Behaviour of Fiscal Authorities

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The book delves into the dynamics of fiscal authorities and budgetary institutions, particularly in the context of Europe's transition to a single currency. It systematically examines factors influencing fiscal retrenchment, the impact of rules on fiscal behavior, and the variations across different countries. Additionally, it explores the interactions between fiscal and monetary authorities and the long-term determinants of fiscal sustainability. Featuring contributions from prominent economists and policymakers, the volume offers both academic insight and practical perspectives on these critical issues.