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Internal and external factors likely to shape future policies.

U.S. Nat'l Agr. Libr. ; Earlier ed. by U.S. Foreign Agricultural Service. ; Cover title. ; Mode of access: Internet.

In this paper, I estimate a structural panel vector autoregression to study the consequences of changes in U.S. state government fiscal policies for local economic activity in the short-term. My main result is that the state-level spending multiplier is relatively small and the tax multiplier relatively large. After four years, the government spending multiplier is 0.6 and the tax multiplier -2.62. This conclusion is found to be robust across different model specifications. I also find that both state spending and state revenue shocks increase out of state output.

Foreign Policies of EU Member States provides a clear and current overview of the motivations and outcomes of EU Member States regarding their foreign policy-making within and beyond the EU. It provides an in-depth analysis of intra-EU policy-making and sheds light, in an innovative and understandable way, on the lesser-known aspects of the inter-EU and extra-EU foreign policies of the twenty-eight Member States: First, EU Member States must cooperate within the mechanisms of the EU, including the Common Foreign and Security Policy (CFSP). Second, EU, Member States continue to construct their own inter-EU foreign policies. Third, the sovereign prerogative exercised by all EU Member States is to construct their own foreign policies on everything from trade and defence with the rest of the world. This combination of clarity, thematic structure and empirical case studies make this an ideal textbook for all upper-level students of European foreign policy, comparative European politics and European studies. -- from back cover.