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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...
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that risk premiums incurred by central governments of EU member states respond positively to central government debts and … at work in European government bond markets supports the notion that the no-bailout clause in the EU Treaty is credible …
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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...
Persistent link: https://www.econbiz.de/10012716093
Persistent link: https://www.econbiz.de/10003878044
The future of government / John M. Quigley -- Intergovernmental relations, service provision and the delivery of health … care in California / John M. Quigley -- The decentralization of the Belgian government / Lynn C. Todman -- The economic … local government / Lynn C. Todman -- Regions and the collectivity : Swedish local government and lthe case of Stockholm …
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