Public Finance in the EMU (PFEMU)

Área

AC Economia > UC Optativas

Activa nos planos curriculares

Finance > Finance > 2º Ciclo > Unidades Curriculares Optativas > Optional Course 2 > Public Finance in the EMU

Nível

2º Ciclo (M)

Tipo

Não Estruturante

Regime

Semestral

Carga Horária

Aula Teórica (T): 0.0 h/semana

Aula TeoricoPrática (TP): 3.0 h/semana

Trabalho Autónomo: 121.0 h/semestre

Créditos ECTS: 6.0

Objectivos

Public finances are seen as a particular challenge for Monetary Union: sound public finances are key for price stability-oriented monetary policies but responsibility remains in the hand of individual governments. The Stability and Growth Pact defines a framework for fiscal policies in EMU being relevant how it has changed and how it works in practice. The course will discuss the theoretical underpinnings, empirical evidence and practical considerations that surround fiscal policies in EMU.

Programa

Theory and application of fiscal policy in EMU
- Optimum currency areas. Key fiscal variables and trends;
- Fiscal and monetary interactions;
- Sustainability of public finances;
- Expansionary fiscal consolidations;
- Quality of public finances;
- Growth, long-term determinants of fiscal policy.

Fiscal policy surveillance in UEM
- Discretionary fiscal policy and automatic stabilisation;
- EU fiscal framework;
- SGP, EDP, fiscal rules;
- Implementing the EU fiscal framework;
- Fiscal policy and financial markets.

Metodologia de avaliação

Two options:

Exam, no support material is allowed (contributes 100% to the final grade);

Exam plus written group essay:
- Exam, no support material is allowed (contributes 65% to the final grade);
- Group essay (contributes 35% to the final grade) (4-5 students per group, maximum 25 pages, Times New Roman 12, 1.5 spacing, margins 2.5 cm), has to be delivered by the end of 2013 (one hard copy, and by email).

Bibliografia

Principal

Não existem referências bibliográficas.

Secundária

Não existem referências bibliográficas secundárias.