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slowdown demonstrate. We analyse the progress that is underway in the current budgetary governance framework in the EU … Bonds, the European Financial Stability Facility, Euro+ Pact and Europe 2020. This paper surveys supranational governance in … the EU, and the coordination of national policies, including concepts of fiscal federalism, multi-level governance and …
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Local governments in Japan account for about 80 per cent of general government spending when excluding social security expenditures. Therefore, for the implementation of fiscal policy it is important how local governments will behave. On the basis of the economic theories on fiscal federalism it...
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