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Since May 1, 2004 the European Union's new member states (NMS) have been subject to the same fiscal rules established in the Treaty on the European Union and Stability and Growth Pact (SGP) as the old member states (OMS). The NMS entered the EU running structural fiscal deficits. More than half...
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The purpose of this paper is to examine the fiscal characteristics of the new members in the light of the requirements of the SGP and the criticisms levelled against the Pact and to see in what ways their initial conditions differ from those faced by the current euro zone countries in the run-up...
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results obtained from a detailed calibrated version of this model for Germany to other incumbent countries. The approach …
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gewonnen. Die Einbindung der föderativ aufgebauten Bundesrepublik Deutschland in die Europäischen Gemeinschaften wirft eine …. Dabei werden sowohl Aspekte der Beziehungen der Europäischen Gemeinschaften zur Bundesrepublik Deutschland insgesamt als … auch die Auswirkungen der europäischen Integration auf den deutschen Finanzausgleich behandelt. …
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