Hauptmeier, Sebastian; Sanchez-Fuentes, A. Jesus; … - In: Journal of Policy Modeling 33 (2011) 4, pp. 597-617
positions much more in line with the EU's Stability and Growth Pact. An empirical analysis of the determinants of countries …The study demonstrates the key role of expenditure policies in explaining fiscal developments during EMU in the euro … those that would have prevailed if countries had followed neutral policies based on expenditure rules since the start of EMU …