Hauptmeier, Sebastian; Sanchez-Fuentes, A. Jesus; … - In: Journal of Policy Modeling 33 (2011) 4, pp. 597-617
The study demonstrates the key role of expenditure policies in explaining fiscal developments during EMU in the euro area, its three largest members and four "macro-imbalances" countries. It compares actual primary expenditure trends with those that would have prevailed if countries had followed...