Effects of the European Economic and Monetary Union (EMU) on Taxation and Interest Spending of National Governments »
Series: IMF Working Papers
Author(s): Francesco Mongelli
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 July 1997
Keywords: economic integration, tax harmonization, joint analysis of monetary and fiscal policy, European Monetary Union, taxation, fiscal discipline, public debt, tax systems
This paper examines the interest spending and taxation channels through which EMU could affect the public finances. It provides a framework for examining different views on a further narrowing of interest rate diff...