Browsing Interdisciplinary Centres & Research Groups by Subject "E63"

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Maastricht criteria versus stability pact

Bohn, Frank (University College Dublin. School of Economics, 2005-03)

It is generally believed that fiscal consolidations should occur prior to a country's admission to the European Monetary Union (EMU). This paper argues that the fiscal Maastricht Criteria require badly timed, costly ...
The trade-off between monetary and fiscal solidity : international lenders and political instability

Bohn, Frank (University College Dublin. School of Economics, 2004-05)

This paper analysis the intertemporal public finance decision under political instability. The government’s choice between inflationary finance and foreign debt is constrained by an interest rate, which is affected both ...