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Automatic stabilizers and economic crisis : US vs. Europe

Dolls, Mathias; Fuest, Clemens; Peichl, Andreas - 2010

income shock in the EU, compared to 32 per cent in the US. In the case of an unemployment shock 47 percent of the shock are … absorbed in the EU, compared to 34 per cent in the US. This cushioning of disposable income leads to a demand stabilization of … up to 30 per cent in the EU and up to 20 per cent in the US. There is large heterogeneity within the EU. Automatic …

Persistent link: https://www.econbiz.de/10008654956

Central European EU accession and Latin American integration : mutual lessons in macroeconomic policy design

Kopits, György - 2002

Persistent link: https://www.econbiz.de/10001712464

The fiscal and monetary institutions of CESEE countries

Darvas, Zsolt M.; Kostyleva, Valentina - 2011

This paper examines the role of fiscal and monetary institutions in macroeconomic stability and budgetary control in CESEE (central, eastern and south eastern European) countries in comparison to other OECD countries. CESEE countries tend to grow faster (at least before the crisis) and have more...

Persistent link: https://www.econbiz.de/10008907726

The impact of the crisis on budget policy in Central and Eastern Europe

Darvas, Zsolt M. - 2009

This paper describes the particular impacts of the financial and economic crisis on central and eastern European (CEE) countries, studies pro-cyclicality of fiscal policies, discusses the impact of the crisis on fiscal policy, and the policy response of various governments. After drawing some...

Persistent link: https://www.econbiz.de/10003874233