Breuss, Fritz; Weber, Andrea - 1999
as a whole with the targets output gap and inflation. In the case of a "full" cooperation, where the 10 EMU countries … manoeuvre of fiscal policy of the EMU member states in stage III of EMU. Secondly, we find that not in all countries cooperation … violation of the fiscal targets (budget deficit, public debt) of the Stability and Growth Pact which limits the room for …