View environmental management system has been described by political business cycle. Germany and France are trying to deter foreign competitors (Bundesbank) and other humanitarian payments (Vaubel 1980; Story, 1988) Commission Delors was seen as an ally of the central bank. With fiscal policy (Fratianni and von Hagen, 1990; Rich 1990; Vaubel, 1990, 1991), but there are many conflicts as possible. Whether an alliance aimed at warding off the fiscal regime under constant. Foreign exchange (Fratianni von Hagen) switched allegiance from the national government Bundesbank (Rich) or put a stumbling block in Finance. The merger of the currency (Vaubel) Other authors argue that the surveillance of national budgetary policies EC has been demanded by Delors. Commission and agreed in the Treaty of Maastricht is irrevocable. The establishment of the exchange rate and less than fully independent. European Central Bank motivating Rider free for the financing of the deficit of the national budget (Frenkel and Klein, 1991; Klein and Neumann, 1993) the financial provisions of the Treaty of Maastricht, has been described as an exercise. Sign up rolling on the part of the German Government (Vaubel, 1994a) the impact of their motivation. The monetary policy is analyzed in Vaubel (1994b). Many authors have interpreted the community's call for tax harmonization. (VAT, corporate income tax, vehicle tax) in the case of. Conspiracy tax (see notably an analysis by an official Schwidrowski and Wahl (1991)), but the use of empirical These are the choices that people still lacking. The fact that even the most demanding solidarity with. Larger EC transfers among member countries has been attributed to the recitals, the need for payments and insurance requirements (such as Faber Breyer, 1980) Many authors refer to the payment of value. reward For damage caused by the marketplace. While there is no doubt that The marketplace is a danger to any member country (see, notably, Ltd. (1989)), a transfer may serve to bring about its distribution. Profit from the partnership (see Section 2.2 above) insurance through intergovernmental transfers are likely to be preferred by national politicians. Than by people who voluntarily otherwise insure themselves (Brennan and Buchanan, 1980, p. 185) from insurance EC creates moral hazard in individual member Persson and Tabellini (. 1992) calling on the power of all the policy instruments available. Used to prevent damage. They do not consider the possibility of doing it. Terms of transfer performance, because they claim not complete. Information about the national (rather than EC) policies.
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