Do Balanced Budget Rules Work? U.S. Experience and Possible Lessons for the EMU
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The `Excessive Deficit Procedure' of the Maastricht Treaty on Economic and Monetary Union proposes two fiscal convergence conditions for entry and continued membership in the EMU: 1) a country's overall budget deficit for each fiscal year must be equal to or below 3% of GDP, and 2) a country's stock
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美国国家经济研究局创建时间：
1996-11-01
