euro-area countries in the 2004–2012 period and compares those changes with fiscal policy measures introduced in Slovenia … expansionary in the period before the current economic crisis started. The evaluation of the fiscal stance in Slovenia suggests … Slovenia in 2011 and 2012 due to fiscal consolidation was more restrictive and pro-cyclical. Finally, we emphasize that …

theoretically and empirically in the case of Slovenia. …

have converged at faster rate than those of NON EMU countries. This outcome canbe interpreted as a combination of the … significantly increased after EMU inception, pointing toward an exclusive role for convergence in investment barriers. …

flexibility in EMU and attempts to draw a few lessons from the experience of the early years. First, we set the stage for the …

‘Pact for the Euro’, to design the new governance of European Monetary Union (EMU), can be considered a necessary though …

especially for the countries of the euro area after entering the European Monetary Union (EMU). Therefore, the aim of this paper … is to evaluate the activity of the fiscal policy before and after the entrance to the euro zone for each individual EMU … states became more expansionary in the period after entering the EMU. Moreover, these preliminary findings were partly …

States with that of the EMU. In addition, it considers the contrasts between the large and the small EMU countries as regards … several aspects of the new economy in the United States and the EMU, i.e. spending impulses in combination with more scope for …

The EMU assigns a very marginal role to economic policy and relies on the leading idea that, if prices are kept … weakened for monetary policy. The paper finally states that the EMU’s rigid rules for both fiscal and monetary policy have …