Colciago, Andrea; Muscatelli, Vito Antonio; Ropele, Tiziano - 2006
with the "Brussels consensus" based on the view that the ECB alone should stabilize the union-wide economy and national …We assess the role of national fiscal policies, as automatic stabilizers, within a monetary union. We use a two … debt accumulation be designed with reference to the debt dynamics of the entire monetary union. This is in sharp contrast …