Doing revision, and im not sure if I understand them.
Does monetary union and the S.G.P mean in a recession, there is a limit to the amount of borrowing a government can do to spend its way out of a recession ?
If that is correct, does fiscal transfer (Using taxs from one country in anonther to create growth) counter act t hat ?
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Fiscal Transfer and fiscal constraint watch
- Thread Starter
- 05-04-2013 15:28