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European Union; Economic and Monetary Union; EMU; Economic Policy; Stabilisation Policy; Monetary Policy; Fiscal Policy; Wage Setting. - The dissertation shows that the start of EMU has resulted in institutional changes in the areas of fiscal policy-making and wage-setting in the Member States...
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The EMU is an highly integrated economic area where externalities occur. Therefore, in this context interaction of monetary and fiscal policies is a crucial issue. This paper focuses on how coalitions among policy-makers are formed and what are their effects on the stabilization of output and...
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