Members of a monetary union have limited control over monetary policy. This can elevate the role of fiscal policy as … the primary macroeconomic tool against country-specific shocks. In this paper, I argue that fiscal policy is highly … Monetary union, I provide evidence that the sentiments channel for fiscal policy is strongly present in peripheral European …

changes in inflation on fiscal policy. We find evidence of non-linear short-term effects of HICP inflation on the primary …

a heterogenous monetary union. Price level determinacy follows if fiscal policy at the level of the union as a whole is … active. Different combinations of national fiscal policies and a common fiscal policy with "Eurobonds" amount to active … fiscal policy for the union, but can have very different implications for the effects of fiscal and monetary policy. We …

Historiography on European integration before 1914 has acknowledged that the level of entanglements between the …

The aim of this article is to investigate the fiscal policy changes in six Central and Eastern European countries … 2004 to 2017. The study uses changes in the cyclically-adjusted primary balance as a main indicator to assess the fiscal … policy stance. The results indicate that, in general, over the period from 2004 to 2017, the fiscal stance in these countries …