Mistakes in the Fiscal Policy in Spain before the Crisis

The paper analyses the mistakes made in the management of the fiscal policy in Spain before the crisis. The authors argue that the low size of the public expenditures, the adoption of a procyclical expansionary fiscal policy the years before the crisis, and the lack of a correct coordination between the Spanish fiscal policy and the ECBâ€™s monetary policy, are key elements to understand the depth and length of the economic crisis and the current high fiscal imbalances in Spain.

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Year of publication:	2013
Authors:	Ferreiro, Jesús ; Gómez, Carmen ; Serrano, Felipe
Published in:	Panoeconomicus. - Savez ekonomista Vojvodine, Novi Sad, Serbia. - Vol. 60.2013, 5, p. 577-592
Publisher:	Savez ekonomista Vojvodine, Novi Sad, Serbia
Subject:	Economic crisis \| Fiscal policy \| Macroeconomic policy \| Spain \| Stabilization policy distribution

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Extent:	application/pdf
Type of publication:	Article
Classification:	E62 - Fiscal Policy; Public Expenditures, Investment, and Finance; Taxation ; E65 - Studies of Particular Policy Episodes
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10011134492