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This paper studies the experiences with fiscal adjustments in the EuropeanUnion (EU) countries during the transition period to the Economic andMonetary Union (EMU). Using several approaches suggested in the literatureon fiscal adjustments and their macroeconomic effects and in the literatureon...
Persistent link: https://www.econbiz.de/10011400376
It is widely argued that Europe's unified monetary policy calls for the international coordination at the fiscal level …
Persistent link: https://www.econbiz.de/10011400878