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Since the start of EMU national fiscal policy in the Eurozone can be conducted almost without paying any attention to …
Persistent link: https://www.econbiz.de/10010297607
of EC finances is analysed. It is shown that the principle of correspondence from the theory of fiscal federalism should …
Persistent link: https://www.econbiz.de/10010299661
There are at least two reasons why sustainability of public debt is an issue of increasing importance. First, public choice considerations show the danger of an excessive use of deficit finance in a democracy. Second, the conditions of a European Monetary Union (EMU) imply further incentives for...
Persistent link: https://www.econbiz.de/10010299685
In diesem Beitrag wird neben einem kurzen Überblick über die Argumentationsweise und Probleme der Theorie optimaler … vor allem der Lohnflexibilität, aus. Aus dieser Erweiterung der Theorie der optimalen Währungsräume resultiert Skepsis …In this paper, a short survey is given on the contents and some problems of the theory of optimal currency areas. In …
Persistent link: https://www.econbiz.de/10010297572