Baskaran, Thushyanthan; Hessami, Zohal - Fachbereich Wirtschaftswissenschaften, Universität Konstanz - 2011
Why are so many EU countries currently in dire fiscal straits? A popular explanation is that monetary unification led … public deficits. To identify the causal effects of these last two stages of EMU, we apply the difference- in …-difference methodology to a dataset that covers 26 OECD countries (including all EU-15 countries) over the 1975-2009 period. The estimations …