This is the third workshop of this network which aims to provide a rigorous
account of the operation of macroeconomic policy in Europe, both within the
euro area and in its periphery. It will build on the latest developments in
macroeconomics to assess: the need for coordination between monetary and
fiscal authorities (and/or among the fiscal authorities themselves)
within EMU; the desirability of alternative monetary and exchange rate
arrangements for neighbouring European countries that are not members
of EMU; deficit and debt spillovers, sustainability of fiscal policies
and the role of the Stability and Growth Pact; and empirical
fiscal policy rules, how fiscal policy is being conducted in Europe.
This conference forms part of a Research Training Network
(EC Contract no.: HPRN-CT-2002-00237) funded by the Improving human
potential programme of the European Commission's fifth framework programme.
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