The myth or folly of the 3% deficit/GDP Maastricht 'parameter.'
Article Abstract:
An examination of the public finances of European countries planning to join European monetary union (Emu) shows that only Italy and Belgium are within the sustainability area. All the other European countries examined are outside this area. This area is measured using data for the end of 1996, and relates the budget deficit, public debt, gross domestic product and the rate of growth. The finding is contrary to what is usually represented in discussions on the topic.
Publication Name: Cambridge Journal of Economics
Subject: Economics
ISSN: 0309-166X
Year: 1998
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The Cambridge School of Keynesian Economics
Article Abstract:
The contributions of the Cambridge School of Keynesian Economics to the economic literature are discussed.
Publication Name: Cambridge Journal of Economics
Subject: Economics
ISSN: 0309-166X
Year: 2005
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On concepts of debt sustainability: a reply to Dr Harck
Article Abstract:
Issues relating to public debt sustainability are examined in detail as part of a debate on definitions.
Publication Name: Cambridge Journal of Economics
Subject: Economics
ISSN: 0309-166X
Year: 2000
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