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The focus of this volume is on the European context of public budget policy and a variety of different approaches are used - theoretical modelling, econometrics and applied general equilibrium modelling. Empirical evidence and case studies of European countries are contained in all the papers.
The papers cover the four general themes of public budget policy:
* economic stabilization, in view of the Economic and Monetary Union in the European Community
* reinforcing structural change, involved in market liberalization and harmonization of economic structures
* its distributional effects and implications for social equity
* endogenous economic growth.
Professor Pantélis Capros teaches economics and operations research at the National Technical University of Athens. He has fifteen years of experience in the field of applied economic, energy and environmental modelling and policy analysis and has been involved in the construction of large-scale applied economic models for the European Union. Professor Danièle Meulders holds a chair in Public Finance at the Free University of Brussels and supervises the research team on Labour Economics of the Department of Applied Economics.