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and financial markets, even though it is not directly observable. The case of the EU new member states (NMS … experiment to assess the effects of credibility on sovereign credit. This paper examines the impact of EU accession on three key …
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This paper estimates revenue and expenditure pro-cyclicality with respect to output and domestic absorption in new member states of the European Union and Croatia to assess whether these countries used the boom years of 2003-07 to create sufficient fiscal space. The current crisis has found many...
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Baltics. This paper explores the determinants of such differences among countries slated for EU accession. Regression … generates alternative fiscal policy regimes-allowing for regime shifts-depending on country characteristics and EU policies …
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