Series: IMF Working Papers
Author(s): M. Cangiano , and Eric Mottu
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 December 1998
Keywords: Economic Union, Policy Coordination, expenditure, central fiscal, fiscal authority, fiscal policies
European Economic and Monetary Union does not envisage creating a central fiscal authority. Monetary and exchange rate policies will be centralized, but fiscal policy will remain a national responsibility, in line...