Fiscal Policy and Monetary Union: Federalism, Fiscal Restrictions and the No-Bailout Rule
The paper considers the case for fiscal restrictions like the Excessive Deficits Procedure of the Maastrict Treaty and the origin of borrowing restrictions in the U.S. and Australia
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|Date of creation:||01 Sep 1995|
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References listed on IDEAS
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- Calvo, Guillermo A, 1988. "Servicing the Public Debt: The Role of Expectations," American Economic Review, American Economic Association, vol. 78(4), pages 647-61, September.
- von Hagen,Juergen, .
"A note on the empirical effectiveness of formal fiscal restraints,"
Discussion Paper Serie B
155, University of Bonn, Germany.
- von Hagen, Jurgen, 1991. "A note on the empirical effectiveness of formal fiscal restraints," Journal of Public Economics, Elsevier, vol. 44(2), pages 199-210, March.
- Hughes Hallett, Andrew & Vines, David, 1991. "Adjustment Difficulties within a European Monetary Union: Can They be Reduced?," CEPR Discussion Papers 517, C.E.P.R. Discussion Papers.
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