This paper does two things. First it examines the use of real time inter-annual cash data and the role of early interventions for improving the monitoring of national fiscal policies and the correction of fiscal indiscipline. Early warnings are important because they allow us to spread the...

Fiscal aspects of European monetary integration Edited by Andrew Hughes Hallett University of Strathclyde Michael M. Hutchison University of California, Santa Cruz and Svend E. Hougaard Jensen University of Copenhagen CAMBRIDGE UNIVERSITY PRESS Contents ...