Stabilisation budgétaire dans l'UEM : Proposition d'un mécanisme automatique
Since the EMU members have abandoned their national monetary policies and their exchange rate such as adjustment mechanisms, they search a solution to protect them from shocks, and especially from country-specific shocks.
The stability Pact and the coordination of fiscal policies in the EMU
This paper studies the relationship between the Stability and Growth Pact (SGP) and the
coordination of fiscal policies in the EMU. Results show that the coordination is an efficient
tool to increase EMU stabilization, even though the overall impact greatly varies according to