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Debt, deficits and transition to EMU: A small country analysis

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  • Jensen, Svend Erik Hougaard
  • Jensen, Lars Grue
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    File URL: http://www.sciencedirect.com/science/article/B6V97-3XWRN2P-S/2/2d91022e0d983878e6737564a5e01edc
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    Bibliographic Info

    Article provided by Elsevier in its journal European Journal of Political Economy.

    Volume (Year): 11 (1995)
    Issue (Month): 1 (March)
    Pages: 3-25

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    Handle: RePEc:eee:poleco:v:11:y:1995:i:1:p:3-25

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    Web page: http://www.elsevier.com/locate/inca/505544

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    References

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    Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
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    1. Alberto Alesina, 1987. "A Positive Theory of Fiscal Deficits and Government Debt in a Democracy," UCLA Economics Working Papers, UCLA Department of Economics 435, UCLA Department of Economics.
    2. Krugman, Paul, 1992. "Second thoughts on EMU," Japan and the World Economy, Elsevier, Elsevier, vol. 4(3), pages 187-200, November.
    3. De Grauwe, Paul & Vanhaverbeke, Wim, 1991. "Is Europe an Optimum Currency Area? Evidence from Regional Data," CEPR Discussion Papers, C.E.P.R. Discussion Papers 555, C.E.P.R. Discussion Papers.
    4. Levine, Paul & Currie, David, 1985. "Optimal feedback rules in an open economy macromodel with rational expectations," European Economic Review, Elsevier, Elsevier, vol. 27(2), pages 141-163, March.
    5. Blanchard, Olivier Jean & Kahn, Charles M, 1980. "The Solution of Linear Difference Models under Rational Expectations," Econometrica, Econometric Society, Econometric Society, vol. 48(5), pages 1305-11, July.
    6. Olivier J. Blanchard, 1984. "Debt, Deficits and Finite Horizons," NBER Working Papers 1389, National Bureau of Economic Research, Inc.
    7. Bryson, Jay H., 1994. "Fiscal policy coordination and flexibility under European Monetary Union: Implications for macroeconomic stabilization," Journal of Policy Modeling, Elsevier, Elsevier, vol. 16(6), pages 541-557, December.
    8. Cohen, Daniel & Wyplosz, Charles, 1989. "The European Monetary Union: An Agnostic Evaluation," CEPR Discussion Papers, C.E.P.R. Discussion Papers 306, C.E.P.R. Discussion Papers.
    9. Hughes Hallett, A J & Vines, D, 1993. "On the Possible Costs of European Monetary Union," The Manchester School of Economic & Social Studies, University of Manchester, University of Manchester, vol. 61(1), pages 35-64, March.
    10. Jay H. Bryson, 1994. "Fiscal policy coordination and flexibility under European Monetary Union: implications for macroeconomic stabilization," International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.) 467, Board of Governors of the Federal Reserve System (U.S.).
    11. Bayoumi, Tamim & Eichengreen, Barry, 1992. "Shocking Aspects of Monetary Unification," Department of Economics, Working Paper Series, Department of Economics, Institute for Business and Economic Research, UC Berkeley qt791143kp, Department of Economics, Institute for Business and Economic Research, UC Berkeley.
    12. Bayoumi, Tamim & Eichengreen, Barry, 1992. "Shocking Aspects of European Monetary Unification," CEPR Discussion Papers, C.E.P.R. Discussion Papers 643, C.E.P.R. Discussion Papers.
    13. Timothy D. Lane, 1993. "Market Discipline," IMF Staff Papers, Palgrave Macmillan, vol. 40(1), pages 53-88, March.
    14. A. Lans Bovenberg & Jeroen J. M. Kremers & Paul R. Masson, 1991. "Economic and Monetary Union in Europe and Constraints on National Budgetary Policies," IMF Staff Papers, Palgrave Macmillan, vol. 38(2), pages 374-398, June.
    15. Guillermo A. Calvo, 1983. "Staggered Contracts and Exchange Rate Policy," NBER Chapters, in: Exchange Rates and International Macroeconomics, pages 235-258 National Bureau of Economic Research, Inc.
    16. Paul Masson & Jacques Melitz, 1991. "Fiscal policy independence in a European Monetary Union," Open Economies Review, Springer, Springer, vol. 2(2), pages 113-136, June.
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    Cited by:
    1. Jérôme Creel, 2002. "Strategic interactions between monetary and fiscal policies: a case study for the European Stability Pact," Sciences Po publications info:hdl:2441/3221, Sciences Po.
    2. Bas Van Aarle & Jacob Engwerda & Joseph Plasmans & Arie Weeren, 2001. "Macroeconomic Policy Interaction under EMU: A Dynamic Game Approach," Open Economies Review, Springer, Springer, vol. 12(1), pages 29-60, January.
    3. repec:spo:wpecon:info:hdl:2441/2841 is not listed on IDEAS
    4. Aarle, B. van & Engwerda, J.C. & Plasmans, J.E.J. & Weeren, A.J.T.M., 1999. "Monetary and Fiscal Policy Design under EMU: A Dynamic Game Approach," Open Access publications from Tilburg University urn:nbn:nl:ui:12-81174, Tilburg University.
    5. Jerome Creel, 1999. "The Stability Pact and Feedback Policy Effects," Documents de Travail de l'OFCE, Observatoire Francais des Conjonctures Economiques (OFCE) 1999-02, Observatoire Francais des Conjonctures Economiques (OFCE).
    6. Guldager, Peter, 1997. "Convergence of the EU Member States towards the EMU requirements, 1986 to 1993," European Journal of Political Economy, Elsevier, Elsevier, vol. 13(2), pages 247-259, May.
    7. Falcó-Gimeno, Albert & Jurado, Ignacio, 2011. "Minority governments and budget deficits: The role of the opposition," European Journal of Political Economy, Elsevier, Elsevier, vol. 27(3), pages 554-565, September.
    8. Bratsiotis, George J. & Robinson, Wayne, 2004. "Economic fundamentals and self-fulfilling crises: further evidence from Mexico," Journal of International Money and Finance, Elsevier, Elsevier, vol. 23(4), pages 595-613, June.
    9. Christophe Tavera & Isabelle Cadoret, 1998. "L'impact du déficit public sur la vitesse de convergence des économies européennes," Économie et Prévision, Programme National Persée, Programme National Persée, vol. 132(1), pages 37-48.
    10. Melecky, Martin, 2012. "Formulation of public debt management strategies: An empirical study of possible drivers," Economic Systems, Elsevier, Elsevier, vol. 36(2), pages 218-234.
    11. repec:spo:wpecon:info:hdl:2441/3221 is not listed on IDEAS

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