Bajo-Rubio, Oscar; Díaz-Roldán, Carmen; Esteve, Vicente - In: European Journal of Political Economy 25 (2009) 4, pp. 525-539
would have affected price level determination. Our results point to the sustainability of fiscal policy in all the EMU … targeting strategy. In this paper we try to test empirically whether the time path of the government budget in EMU countries …Price determination theory typically focuses on the role of monetary policy, while the role of fiscal policy is usually …