Fiscal arrangements in a monetary union: evidence from the US
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Abstract
The second half of the 1980s has witnessed a strong revival of the old strive for European monetary unification.1 Based on the broad consensus among policymakers about the success of the European Monetary System with fostering monetary stability, and in view of the progress with the completion of the Internal Market, including the free intra-Community flow of capital and money the European Community has recently taken a number of significant steps towards building a European Monetary Union (EMU).KeywordsMonetary PolicyFiscal PolicyUnemployment InsuranceMonetary UnionEuropean Monetary UnionThese keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.