Abstract
The rules and norms set out in the Maastrich Treaty and in the Stability and Growth Pact (SGP) have involved for the European Monetary Union (EMU) member states the implementation of an orthodox strategy of fiscal policy based on the correction of fiscal imbalances and cuts in the current sizes of public revenues and expenditures.
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© 2008 Jesús Ferreiro, M. Teresa García-del-Valle and Carmen Gómez
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Ferreiro, J., García-del-Valle, M.T., Gómez, C. (2008). Fiscal Adjustment and Composition of Public Expenditures in the EMU. In: Ferreiro, J., Fontana, G., Serrano, F. (eds) Fiscal Policy in the European Union. Palgrave Macmillan, London. https://doi.org/10.1057/9780230228269_5
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DOI: https://doi.org/10.1057/9780230228269_5
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