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Against the commonly accepted view that in the run-up to EMU the Maastricht fiscal restraints were quite effective in … find that EMU fiscal rules show some weaknesses with respect to these guidelines. The authors also stress that the budget …
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Corona-Gesundheitsschock – Seuchengefahr für die Menschheit -- Weltweite Wirtschaftsinstabilität -- Risiko der Euro-Zerfallsdynamik und EU-Aspekte -- Impfförderungsaufgaben und Kooperation sowie globale Führungsfragen.
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This paper studies the design, effects and interactions of monetary and fiscal policies in the euro-area and between the euro-area and the non euro-area. To do so, a stylized three-country model of monetary and fiscal policy rules is constructed. It is analyzed how monetary and fiscal rules...
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