Giuliodori, Massimo; Beetsma, Roel - 2004
expansive fiscal policy. We
extend the dynamic systems for the large economies by also including their imports from
other EU … co-ordination
at the macroeconomic level. The Stability and Growth Pact, with its mutual surveillance of
countries … EU countries. This effect on imports is tightly linked to the
influence that a fiscal expansion has on the national …