Hedbávný, Petr; Schneider, Ondrej; Zapal, Jan - 2021
Sustainability Council - that would actively bring financial markets into the fiscal-policy process, and we explain the technique … the EU's Stability and Growth Pact, suffer from the same endogeneity flaw. Consequently, we argue that a fiscal rule must …In this paper, we set out to examine an efficient fiscal-policy framework for a monetary union. We illustrate that …