Balli, Faruk; Sorensen, Bent E. - Volkswirtschaftliche Fakultät, … - 2007
{2003 with a particular focus on EU and EMU countries. Income smoothing from international factor income has increased in the EU … and, in particular, the EMU but not in the non-EU OECD since the introduction of the Euro. Consumption smoothing from pro …-cyclical government saving has declined in the EMU, but not in the non-EU OECD, since the signing of the Maastricht treaty. We find that …