Economic and Monetary Union in Europe and Constraintson National Budgetary Policies

Nopic
This paper reviews the pros and cons of institutionalized constraints limiting the freedom of national budgetary policies within an Economic and Monetary Union (EMU) in Europe. The issue is approached from three angles: the influence of EMU on (i) budget discipline; (ii) intergenerational equity and intertemporal efficiency; and (iii)... READ MORE...

Publication date: July 1990
ISBN 9781451965278
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