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Is Lisbon far from Maastricht? : trade-offs and complementarities between fiscal discipline and structural reforms
Buti, Marco; Röger, Werner; Turrini, Alessandro - In: CESifo economic studies : CESifo, a joint initiative of … 55 (2009) 1, pp. 165-196
Maastricht constraints at the beginning of the 1990s does not seem to have affected the probability of labour market reforms on …
Persistent link: https://www.econbiz.de/10003812207
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Automatic Fiscal Stabilisers in EMU: A Conflict between Efficiency and Stabilisation?
Buti, Marco; Martínez Mongay, Carlos; Sekkat, Khalid - In: CESifo economic studies : CESifo, a joint initiative of … 49 (2003) 1, pp. 123-140
stabilisation. Reducing the generosity of welfare systems and lowering taxes may boost efficiency and output, and improve market …
Persistent link: https://www.econbiz.de/10001747428
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From deficits to debt and back : political incentives under numerical fiscal rules
Buti, Marco; Nogueira Martins, João; Turrini, Alessandro - In: CESifo economic studies : CESifo, a joint initiative of … 53 (2007) 1, pp. 115-152
Under numerical fiscal rules, such as those underpinning EMU, governments have strong temptations to use accounting tricks to meet the fiscal constraints. Given these political incentives, fiscal variables that in the past were regarded as a mere residual acquire a strategic role. This is the...
Persistent link: https://www.econbiz.de/10003467520