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SUMMARY:National Fiscal Policy Discipline in Common Currency Areas: Do Enf
 orceable Rules Exist? - Professor Georgios Chortareas\, University of Athe
 ns
DTSTART:20130116T160000Z
DTEND:20130116T170000Z
UID:TALK42233@talks.cam.ac.uk
CONTACT:Joanna Laver
DESCRIPTION:Various rationalisations have been offered in the literature t
 o justify the need for fiscal rules in a monetary union. The recent Europe
 an experience\, however\, shows that the enforcement of such rules is\, at
  least\, incomplete and selective. In this paper we develop a model which 
 allows consideration of the enforceability and effectiveness of alternativ
 e rules in achieving fiscal policy discipline in a multinational monetary 
 union.\n\nGeorgios Chortareas is a professor of economics at the Universit
 y of Athens. He received his Ph.D. from the University of Connecticut in 1
 999. Before joining the University of Athens he worked at the Bank of Engl
 and and at the Essex Business School (Reader in International Finance). He
  is a member of the Money Macro Finance Research Group Committee and of th
 e Executive Board of the European Public Choice Society\n
LOCATION:Mill Lane Lecture Room 7
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