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| Author: | Weale, M. |
| Title: | Monetary and fiscal policy in Euroland |
| Journal: | Journal of Common Market Studies
1999 : MAR, VOL. 37:1, p. 153-162 |
| Index terms: | MONETARY POLICY FISCAL POLICY EUROPE |
| Language: | eng |
| Abstract: | Europe's Economic and Monetary Union began on 1 January 1999. National units of account of the 11 "Euroland" countries became non-decimal fractions or sub-denominations of the euro, and the European Central Bank (ECB) took over from the national monetary authorities responsibility for the setting of the short-term interest rate. At the same time the Stability and Growth Pact is intended to constrain the ability of national governments to run excessive fiscal deficits. |
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