Rozmahel, Petr; Grochová, Ladislava Issever; Litzman, Marek - 2014
not yet adopted the Euro. The results show a significant and robust negative effect of fiscal indiscipline and …-industry trade as well as of the interactions between fiscal measures and non-Euro area membership. The study provides arguments for … fiscal policy harmonisation and fiscal discipline of the Euro area member as well as acceding countries, as undisciplined and …