This book contains a spectrum of empirical models of fiscal policy from acknowledged specialists from a range of different developed countries. The importance of tax policy on corporate and consumer behaviour is stressed. The particular relevance of such policies in the light of the harmonization of fiscal policies within the European Community is brought out at length but the interest in what is presented here is certainly not confined to Europe. The book is published on behalf of the Applied Econometrics Association and the chapters are selected and revised from those presented at an international meeting of that association held in Rome. All those professionally concerned with public finance or seeking to get an update on current thinking in this rapidly advancing area of economics may find this volume useful.