Eichengreen, Barry - Institute of Business and Economic Research (IBER), … - 1996
, not the actual deficit. Applying them to actual deficits when European countries enter EMU up against the 3 per cent limit …European policy makers have repeatedly suggested that fiscal-policy coordination and fiscal federalism will play key …-border spillovers of fiscal policies are too weak. Freeing up fiscal policy to replace national governments' loss of monetary …