Furceri, Davide - In: Vierteljahrshefte zur Wirtschaftsforschung 73 (2004) 3, pp. 418-428
The aim of this paper is to investigate how the birth of a central fiscal authority or the creation of a fiscal transfer mechanism could improve the action of fiscal policy in terms of stabilization in the EMU. In particular, the paper examines the theoretical reasons to support this conclusion...
