The paper uses fiscal reaction functions for a panel of euro-area countries to investigate whether euro membership has reduced the responsiveness of countries to shocks in the level of inherited debt compared to the period prior to succession to the euro. While we find some evidence for such a...

The paper uses fiscal reaction functions for a panel of euro-area countries to investigate whether euro membership has reduced the responsiveness of countries to shocks in the level of inherited debt compared to the period prior to succession to the euro. While we find some evidence for such a...

Introduction -- Part A: Economic Integration and Its Trade Effects -- Part B: Financial Sector Development and Common Currency -- Part C: Public Finances, FDI, Research, Innovation and Knowledge -- Part D: Inclusive and Sustainable Growth -- Part E: Conflict-Growth Relationship and Reconstruction.