The paper provides and empirical characterization of fiscal policy in the euro area and in a group of twenty-two OECD … economies over the period from 1970 until 2007. Using the cyclically-adjusted fiscal balance we document that policy in the euro … policies. However, the component of the budget due to automatic stabilizers reacts stronger in the euro-area countries than in …

To investigate how fuel economy is valued in the Indian car market, we compute the cost to Indian consumers of … hedonic price functions for four market segments (petrol hatchbacks, diesel hatchbacks, petrol sedans, and diesel sedans) to … associated present value of fuel savings falls within the 95 percent confidence interval for some specifications, in all market …

The sovereign debt crisis in the euro area is a symptom of policy failures and deficiencies in – among other things … – fiscal policy coordination. The first nine years of the euro were not used effectively in order to improve public finances … difficulties in the euro area, especially in certain member countries. This paper looks back at the history of fiscal policies and …

This paper explains the various concepts of government debt in the euro area with particular emphasis on its size and … general government debt used in the surveillance of the euro area countries, the total liabilities from the government balance … provides information about euro area government debt broken down by maturity, holder or the currency of issue. All these …

provision of lender of last resort facilities in the euro zone and the framework for supervising financial institutions. The … Growth Pact have been justified by the threat high debts might pose to the stability of the euro zone's financial markets. I …

, which is closer to European than the US is in its labor market and fiscal institutions. Europe's (and to some extent Canada … an alternative strategy based on a relaxed stability pact, further strictures against central EU borrowing, labor market …

within the euro area and investigates their magnitude using different models. In the context of Economic and Monetary Union … (EMU), fiscal spillovers are relevant for the accurate assessment of the cyclical outlook in euro area countries, as well … as in the debates on a coordinated change in the euro area fiscal stance and on a euro area fiscal capacity. The paper …