Obst, Thomas; Onaran, Özlem; Nikolaidi, Maria - 2017
. One novelty of this paper is to integrate crosscountry effects of both changes in income distribution and fiscal policy …. The model is used to estimate econometrically the effects of income distribution and fiscal policy on the components of … expansion. This policy mix leads to an improvement in the budget balance in all the EU15 countries, suggesting that expansionary …