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Fiscal policy and monetary union : is there a tradeoff between federalism and budgetary restrictions?

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Labour tax reforms, cross-country coordination and the monetary policy stance in the euro area : a structural model-based approach

Jacquinot, Pascal; Lozej, Matija; Pisani, Massimiliano - 2018

We evaluate the effects of permanently reducing labour tax rates in the euro area (EA) by simulating a large-scale open economy dynamic general equilibrium model. The model features the EA as a monetary union, split in two regions (Home and the rest of the EA - REA), the US, and the rest of the...

Persistent link: https://www.econbiz.de/10011792134

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Budgetary forecasts in Europe : the track record of stability and convergence programmes

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Sovereign risk premia in the European government bond market

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The design of fiscal rules and forms of governance in European Union countries

Hallerberg, Mark (contributor); Strauch, Rolf (contributor); … - 2004

Persistent link: https://www.econbiz.de/10002555528

What do deficits tell us about debt? : Empirical evidence on creative accounting with fiscal rules in the EU

Hagen, Jürgen von (contributor); … - 2004

Fiscal rules, such as the excessive deficit procedure and the stability and growth pact (SGP), aim at constraining government behavior. Milesi-Ferretti (2003) develops a model in which governments circumvent such rules by reverting to creative accounting. The amount of this creative accounting...

Persistent link: https://www.econbiz.de/10002515704

The design of fiscal rules and forms of governance in European Union countries

Hallerberg, Mark; Strauch, Rolf; Hagen, Jürgen von - In: Policy instruments for sound fiscal policies : fiscal …, (pp. 127-148). 2009

Persistent link: https://www.econbiz.de/10003962055