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Balanced budget fundamentalism. CEPS Commentary, 5 August 2011

De Grauwe, Paul. (2011) Balanced budget fundamentalism. CEPS Commentary, 5 August 2011. [Policy Paper]

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    Abstract

    Under extreme pressure from the financial markets and from Germany, member countries of the eurozone feel obliged to introduce balanced budget clauses into their constitutions. In this new Commentary, CEPS Senior Associate Research Fellow Paul De Grauwe explains why the balanced budget rule is a bad idea.

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    Item Type: Policy Paper
    Subjects for non-EU documents: EU policies and themes > Policies & related activities > budgets & financing
    EU policies and themes > Policies & related activities > economic and financial affairs > fiscal policy
    EU policies and themes > Policies & related activities > economic and financial affairs > financial crisis 2008-on and consequences/reforms
    Subjects for EU documents: UNSPECIFIED
    EU Series and Periodicals: UNSPECIFIED
    EU Annual Reports: UNSPECIFIED
    Series: Series > Centre for European Policy Studies (Brussels) > CEPS Commentaries
    Depositing User: Phil Wilkin
    Official EU Document: No
    Language: English
    Date Deposited: 06 Sep 2011 10:02
    Number of Pages: 2
    Last Modified: 06 Sep 2011 10:02
    URI: http://aei.pitt.edu/id/eprint/32338

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