Fiscal performance in monetary unions: How much austerity should be allowed?
The effectiveness of fiscal policy becomes particularly relevant in the case of the member countries of a monetary union facing a sovereign debt crisis. In that environment, fiscal policy is constrained by the need to carry out fiscal consolidation and reduce debt levels. For that reason an...
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| Format: | Article |
| Language: | English |
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Economists' Association of Vojvodina
2017-01-01
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| Series: | Panoeconomicus |
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| Online Access: | http://www.doiserbia.nb.rs/img/doi/1452-595X/2017/1452-595X1600021D.pdf |