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- W2376389367 abstract "Economic and Monetary Union has a central monetary authority, operates monetary and exchange rate policies. With the restraint of the subsidiary principle, EMU does not envisage a central fiscal authority; fiscal policy remains a national responsibility. Along with the globalization of economies, the growing of European sentiments and the widening of spatial incidence of public goods, it will generate pressures for closer economic integration. In the short term, effective policy coordination may address those pressures satisfactorily, but in the long term, it is increasingly necessary to create a central fiscal authority to regard allocation, redistribution and stabilization." @default.
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- W2376389367 date "2004-01-01" @default.
- W2376389367 modified "2023-09-23" @default.
- W2376389367 title "On the Effectiveness of Fiscal Policy of EMU" @default.
- W2376389367 hasPublicationYear "2004" @default.
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