Economic and Monetary Union in Europe and Constraintson National Budgetary Policies:
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...
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Format: | Elektronisch E-Book |
Sprache: | English |
Veröffentlicht: |
Washington, D.C
International Monetary Fund
1990
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Schriftenreihe: | IMF Working Papers
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Online-Zugang: | UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 Volltext |
Zusammenfassung: | 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) macroeconomic stabilization. The desirability of constraints on budgetary policy is related to the arrangements for EMU-wide monetary policy, the credibility of a no-bailout clause among member states, and progress in the area of supply-side policies |
Beschreibung: | 1 Online-Ressource (24 p) |
ISBN: | 1451965273 9781451965278 |
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spelling | International Monetary Fund Verfasser aut Economic and Monetary Union in Europe and Constraintson National Budgetary Policies Washington, D.C International Monetary Fund 1990 1 Online-Ressource (24 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers 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) macroeconomic stabilization. The desirability of constraints on budgetary policy is related to the arrangements for EMU-wide monetary policy, the credibility of a no-bailout clause among member states, and progress in the area of supply-side policies Online-Ausg International Monetary Fund Sonstige oth http://elibrary.imf.org/view/IMF001/15650-9781451965278/15650-9781451965278/15650-9781451965278.xml Verlag URL des Erstveröffentlichers Volltext |
spellingShingle | Economic and Monetary Union in Europe and Constraintson National Budgetary Policies |
title | Economic and Monetary Union in Europe and Constraintson National Budgetary Policies |
title_auth | Economic and Monetary Union in Europe and Constraintson National Budgetary Policies |
title_exact_search | Economic and Monetary Union in Europe and Constraintson National Budgetary Policies |
title_exact_search_txtP | Economic and Monetary Union in Europe and Constraintson National Budgetary Policies |
title_full | Economic and Monetary Union in Europe and Constraintson National Budgetary Policies |
title_fullStr | Economic and Monetary Union in Europe and Constraintson National Budgetary Policies |
title_full_unstemmed | Economic and Monetary Union in Europe and Constraintson National Budgetary Policies |
title_short | Economic and Monetary Union in Europe and Constraintson National Budgetary Policies |
title_sort | economic and monetary union in europe and constraintson national budgetary policies |
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