Effects of the European Economic and Monetary Union (EMU) on Taxation and Interest Spending of National Governments /

This paper examines the interest spending and taxation channels through which EMU could affect the public finances. It provides a framework for examining different views on a further narrowing of interest rate differentials. A model of Blanchard and Fischer is amended to analyze the two channels, an...

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Detalhes bibliográficos
Autor principal: Mongelli, Francesco
Formato: Periódico
Idioma:English
Publicado em: Washington, D.C. : International Monetary Fund, 1997.
Colecção:IMF Working Papers; Working Paper ; No. 1997/093
Acesso em linha:Full text available on IMF