Lossani, Marco; Natale, Piergiovanna; Tirelli, Patrizio - Volkswirtschaftliche Fakultät, … - 2001
In this paper, we discuss a reform proposal for EMU macroeconomic institutions which rests on the generalised adoption of targets, for both monetary and fiscal policies, to be integrated by a system of checks and balances. The new arrangements for fiscal policies should induce EMU countries to...