The ERM and fiscal integration in the EU

Authors
Holmes, MJ Luintel, KB
Citation
Mj. Holmes et Kb. Luintel, The ERM and fiscal integration in the EU, APPL ECON L, 6(1), 1999, pp. 25-27
Citations number
11
Categorie Soggetti
Economics
Journal title
APPLIED ECONOMICS LETTERS
ISSN journal
13504851 → ACNP
Volume
6
Issue
1
Year of publication
1999
Pages
25 - 27
Database
ISI
SICI code
1350-4851(199901)6:1<25:TEAFII>2.0.ZU;2-9
Abstract
The extent to which EU fiscal policies have converged during the ERM period is investigated. Using tests for cointegration and weak exogeneity, it is found that the degree of commitment towards ERM membership influences the d egree of fiscal integration in the EU. It is also found that the German fis cal stance does not dominate that of the rest of the EU.