Preconditions for sound public finances  Sound public finances thus remain a necessary precondition for price stability. And ensuring sound public finances is even more crucial in the monetary union. This is because one of the fundamental problems of a monetary union featuring decentralised fiscal policies is that member states have a greater incentive to incur debt.
3 of Caryn Kuebler and Christopher Mackie, rapporteurs (forthcoming), Improving Business Statistics Through Interagency Data Sharing: Summary of a Workshop (Washington: National Academies Press). BIS Review 45/2006  3  An innovative economy needs to have innovative statistics. This means that the statistical agencies need to be on the cutting edge in measuring the most dynamic parts of the economy.