Overheating in Small Euro Area Economies: Should Fiscal Policy React?
收藏Organisation for Economic Co-operation and Development2026-04-11 收录
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This paper reviews first the fiscal policy recommendations by the EU, the IMF and the OECD for Finland, Greece, Ireland, Luxembourg, the Netherlands, Portugal and Spain. All these countries had inflation above the euro area average in early 2001, some by a considerable margin. The fiscal policy prescriptions deviate little, the EU, the IMF and the...
