number of policy measures to increase labour supply and the so-called competitiveness pact. Based on a realistic assumption …

This study analyses possibilities for independent national redistribution and risk sharing policy in EMU by reviewing … literature on fiscal federalism. The currency union will not directly affect the national welfare policy. It might increase … national policy comes from losing the national monetary policy and from pressures for fiscal policy coordination. For countries …

methodology indeed affects both the quantitative estimates and the interpretation of the indicator for policy analysis. In …

the rules are simple enough to actually be useful in fiscal policy guidance. This requires that compliance with them can …, the expenditure benchmark should be reformed in order to further its countercyclical impact on fiscal policy, and it … should replace the structural balance as the operational indicator of fiscal policy stance. Responsibility for economic …

the rules are simple enough to actually be useful in fiscal policy guidance. This requires that compliance with them can …, the expenditure benchmark should be reformed in order to further its countercyclical impact on fiscal policy, and it … should replace the structural balance as the operational indicator of fiscal policy stance. Responsibility for economic …