01700cas a2200241 a 4500 AALejournalIMF008038 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451813005 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. Selected Euro-Area Countries : Rules-Based Fiscal Policy and Job-Rich Growth in France, Germany, Italy and Spain. Washington, D.C. : International Monetary Fund, 2001. 1 online resource (121 pages) IMF Staff Country Reports <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students Fiscal deficits and the public debt has grown throughout much of the postwar period in most industrialized countries under the pressure of rising public expenditure, a trend that has begun to reverse after 1992. A number of studies argue that fiscal consolidation in association with expenditure restraint, particularly reductions in primary current expenditure, has proved more durable historically. All in all, the fiscal consolidation essential to qualify for European Monetary Union is a major achievement but also a difficult process in the four countries (France, Germany, Italy, and Spain). Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 2001/203 Full text available on IMF http://elibrary.imf.org/view/journals/002/2001/203/002.2001.issue-203-en.xml IMF e-Library