Buti, Marco; Nogueira Martins, João; Turrini, Alessandro - In: CESifo economic studies : CESifo, a joint initiative of … 53 (2007) 1, pp. 115-152
Under numerical fiscal rules, such as those underpinning EMU, governments have strong temptations to use accounting tricks to meet the fiscal constraints. Given these political incentives, fiscal variables that in the past were regarded as a mere residual acquire a strategic role. This is the...
