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Discretionary fiscal policy : review and estimates for the EU

Beetsma, Roel; Giuliodori, Massimo - 2010

provide our own estimates for the EU countries. A fiscal expansion raises output and consumption and reduces the trade balance … open EU economies, consistent with larger leakage effects. Further direct estimates suggest that fiscal expansions in large … EU economies have non-negligible consequences for economic activity in the main trading partners. This provides a …

Persistent link: https://www.econbiz.de/10003937804

Discretionary fiscal policies over the cycle : new evidence based on the ESCB disaggregated approach

Agnello, Luca; Cimadomo, Jacopo - 2009

This paper explores how discretionary fiscal policies on the revenue side of the government budget have reacted to economic fluctuations in European Union countries. For this purpose, it uses data on legislated revenue changes and structural indicators provided twice per year by National Central...

Persistent link: https://www.econbiz.de/10003969250

Pension systems, ageing and the stability and growth pact

Beetsma, Roel (contributor); Oksanen, Heikki (contributor) - 2007

Persistent link: https://www.econbiz.de/10003623944

Transmission of government spending shocks in the euro area : time variation and driving forces

Kirchner, Markus; Cimadomo, Jacopo; Hauptmeier, Sebastian - 2010

This paper provides new evidence on the effects of government spending shocks and the fiscal transmission mechanism in the euro area for the period 1980-2008. Our contribution is two-fold. First, we investigate changes in the macroeconomic impact of government spending shocks using time-varying...

Persistent link: https://www.econbiz.de/10003986626

Is fiscal policy coordination in EMU desirable?

Beetsma, Roel; Debrun, Xavier; Klaassen, Franc - 2001

It is widely argued that Europe's unified monetary policy calls for the international coordination at the fiscal level. We survey the issues involved with such coordination of fiscal policy as a demand management tool and we use a simple model to investigate the circumstances under which...

Persistent link: https://www.econbiz.de/10011400878

The impact of news and the SMP on realized (co)variances in the eurozone sovereign debt market

Beetsma, Roel; Jong, Frank de; Giuliodori, Massimo; … - 2014

Persistent link: https://www.econbiz.de/10010239900

What are the spill-overs from fiscal shocks in Europe?

Giuliodori, Massimo (contributor); Beetsma, Roel (contributor) - 2004

Persistent link: https://www.econbiz.de/10002124923

Implementing the stability and growth pact : enforcement and procedural flexibility

Beetsma, Roel (contributor); Debrun, Xavier (contributor) - 2005

The paper proposes a theoretical analysis illustrating some key policy trade-offs involved in the implementation of a rules-based fiscal framework reminiscent of the Stability and Growth Pact (SGP). The analysis offers some insights on the current debate about the SGP. Specifically, greater...

Persistent link: https://www.econbiz.de/10002812985

Monetary and fiscal policy interactions in a micro-founded model of a monetary union

Beetsma, Roel (contributor); Jensen, Henrik (contributor) - 2002

Persistent link: https://www.econbiz.de/10001702815

One scheme fits all : a central fiscal capacity for the EMU targeting eurozone, national and regional shocks

Beetsma, Roel; Cimadomo, Jacopo; Spronsen, Josha van - 2022

This paper proposes a central fiscal capacity for the euro area that generates transfers in response to euro area, country, and region-specific shocks. The main novelty of this fiscal capacity is that it allows a joint response to these three types of shocks within a single scheme. Based on...

Persistent link: https://www.econbiz.de/10013252988