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each other, it is often claimed that the EU fiscal framework, by reducing the budgetary room for manoeuvre and the … empirical evidence supporting this argument. In a sample of EU-15 countries over the past three decades, the introduction of the …
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coordination. In particular we provide estimates for New EU Member States where we take into account two aspects. First, debt …
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This paper studies monetary and fiscal policies in the euro area. It discusses the process of policy competition and the structure of policy cooperation. As to policy competition, the focus is on competition between the European central bank, the German government, and the French government. As...
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