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the reader with a roadmap to EMU's budgetary framework by exploring its theoretical and empirical foundations, uncovering …1. EMU's fiscal rules in a historical perspective -- 2. The Maastricht Treaty and the Stability and Growth Pact -- 3 … -- 11. Reforming EMU's fiscal rules -- 12. National budgets and the EU budget -- 13. Postscript : a new stability and growth …
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initial years of EMU lends support to this criticism. Overall, unlike the experience in the run-up to EMU, fiscal policies had …
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