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Deficit sustainability and inflation in EMU : an analysis from the Fiscal Theory of the Price Level

Bajo Rubio, Oscar; Díaz Roldán, Carmen; Esteve … - In: European journal of political economy 25 (2009) 4, pp. 525-539

Persistent link: https://www.econbiz.de/10003920900

Rules and risk in the Euro area

Iara, Anna; Wolff, Guntram B. - In: European journal of political economy 34 (2014), pp. 222-236

Persistent link: https://www.econbiz.de/10010486577

Have the euro area and EU governance worked? : Just the facts

Ioannou, Demosthenes; Stracca, Livio - In: European journal of political economy 34 (2014), pp. 1-17

Persistent link: https://www.econbiz.de/10010486621

A simple and flexible alternative to stability and growth pact deficit ceilings : is it at hand?

Muscatelli, V. Anton; Natale, Piergiovanna; Tirelli, … - In: European journal of political economy 28 (2012) 1, pp. 14-26

Persistent link: https://www.econbiz.de/10009516011

An independent central bank faced with elected governments

Demertzis, Maria; Hughes Hallett, Andrew; Viegi, Nicola - In: European journal of political economy 20 (2004) 4, pp. 907-922

Persistent link: https://www.econbiz.de/10002372018

The Impact of Fiscal Rules on Public Finances : Theory and Empirical Evidence for the Euro Area

Marneffe, Wim - 2011

This paper presents a review of the most significant fiscal rules policymakers can choose from. The insights from this review are then applied to the current budgetary situation of the European Union. In the European Union, the supranational Stability and Growth Pact (SGP) should provide the...

Persistent link: https://www.econbiz.de/10013131350

Estimating the Effects of Coordinated Fiscal Actions in the Euro Area

Hebous, Shafik - 2012

We estimate spillover effects of a fiscal shock in one member country in the euro area on outputs of the rest of the members, using a Global Vector Autoregression (GVAR) model. We compare the effects of a domestic fiscal shock with those of a similar size area-wide shock expressed as a weighted...

Persistent link: https://www.econbiz.de/10013101197

The Macroeconomic Policy Challenges of Balance Sheet Recession : Lessons from Japan for the European Crisis

Schnabl, Gunther - 2013

The paper compares the boom-and-bust cycles in Japan and Europe with respect to the reasons for excessive booms, the characteristics of the crises, and the (potential) effects of the crisis therapies. As in Japan the consequence of expansionary monetary and fiscal policies is the hysteresis of...

Persistent link: https://www.econbiz.de/10013081055

Fiscal Spillovers in the Euro Area

Caporale, Guglielmo Maria - 2012

This paper analyses the dynamic effects of fiscal imbalances in a given EMU member state on the borrowing costs of other countries in the euro area. The estimation of a multivariate, multi-country time series model (specifically a Global VAR, or GVAR) using quarterly data for the EMU period...

Persistent link: https://www.econbiz.de/10013112600

Fiscal Policies and Business Cycles in an Enlarged Euro Area

Staehr, Karsten - 2008

This paper compares the cyclical properties of fiscal policies across the 12 original eurozone countries and the future … counter-cyclical in Central and Eastern European countries than in members of the eurozone. The main differences arise from … the revenue side. Differences in the formation of fiscal policy between current and future eurozone countries decrease …

Persistent link: https://www.econbiz.de/10012773620