Showing 1 - 10 of 26
Persistent link: https://www.econbiz.de/10013466525
Persistent link: https://www.econbiz.de/10012545035
We briefly review the theoretical and empirical consequences of discretionary fiscal policy changes, after which we provide our own estimates for the EU countries. A fiscal expansion raises output and consumption and reduces the trade balance. Moreover, the stimulating effect of higher...
Persistent link: https://www.econbiz.de/10003937804
Persistent link: https://www.econbiz.de/10003996925
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/10008808242
Persistent link: https://www.econbiz.de/10003593656
Persistent link: https://www.econbiz.de/10008656205
Persistent link: https://www.econbiz.de/10009491820
This paper studies the experiences with fiscal adjustments in the EuropeanUnion (EU) countries during the transition period to the Economic andMonetary Union (EMU). Using several approaches suggested in the literatureon fiscal adjustments and their macroeconomic effects and in the literatureon...
Persistent link: https://www.econbiz.de/10011400376
Persistent link: https://www.econbiz.de/10010229546