00889nam a2200109Ia 4500 MASSON, Paul R. Fiscal dimensions of EMU. 1996 Considers three issues relating to fiscal policy and EMU: the appropriateness of the debt and deficit preconditions; the need for fiscal discipline and policy coordination; the case for a supranational fiscal authority. Argues that (1) on the first issue, the conditions are not in themselves necessarily flawed, but difficulties arise as a result of the measures taken to meet them; (2) the need to ensure an appropriate policy mix inevitably creates a need for fiscal coordination, which naturally leads in to the question of supranational control. Concludes that fiscal federalism, with its implications for redistribution, has more to do with politics than economics. 3/7/00 M2LMGR A 21916 21916 0 0 0 0 CRCM CRCM 2023-05-04 0 0000000015930 2023-05-04 00:00:00 2023-05-04 A