EUROPEAN
ECONOMY
brought to you by ■ CORE
Economic Papers 306 ∣ February 2008
EMU’s decentralized system of fiscal policy
Jürgen von Hagen and Charles Wyplosz
JOHATt-CtNf KAl
EUROPEAN COMMISSION
EUROPEAN
ECONOMY
brought to you by ■ CORE
Economic Papers 306 ∣ February 2008
EMU’s decentralized system of fiscal policy
Jürgen von Hagen and Charles Wyplosz
JOHATt-CtNf KAl
EUROPEAN COMMISSION