Hughes Hallett, Andrew; Lewis, John - In: Vierteljahrshefte zur Wirtschaftsforschung 73 (2004) 3, pp. 392-404
Prior to EMU, fiscal policy within the EU was disciplined by the threat of exclusion of the single currency; post-EMU … the runup to EMU did lead to a marked increase in the probability of commencing consolidations. However, once inside EMU …