Jalles, João Tovar; Mulas Granados, Carlos; Tavares, José - 2016
control method to illustrate how the transition from flexible to fully fixed exchange rate under the Euro impacted negatively … higher cohesion) are associated with better fiscal performance, but fixed exchange rates may revert this result and lead to … not enough to counter the negative impact of being at/moving to fixed exchange rates. Finally, we use the synthetic …