Hein, Eckhard; Truger, Achim - Institut für Makroökonomie und Konjunkturforschung … - 2006
Since the start of the European Monetary Union fiscal policy in the Euro area has been dominated by the Stability and … Euro area as a whole and for selected countries and compare it with US fiscal policy, with a special emphasis on the period … 2001-2005. Whereas US fiscal policy has been strongly counter-cyclical, thus stabilising the economy, in the Euro area …