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Testing EU fiscal surveillance : how sensitive is it to variations in output gap estimates?
Langedijk, Sven; Larch, Martin - In: International review of applied economics 25 (2011) 1, pp. 39-60
Persistent link: https://www.econbiz.de/10008842327
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The impact of the European Union fiscal rules on economic growth
Castro, Vitor - In: Journal of macroeconomics 33 (2011) 2, pp. 313-326
Persistent link: https://www.econbiz.de/10009248397
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The Impact of the European Union Fiscal Rules on Economic Growth
Castroa, Vitor - 2007
in which fiscal rules were implemented in Europe is estimated over a panel of 15 EU countries (and 8 OECD countries) for … institutional changes that occurred in Europe after 1992, especially the implementation of Maastricht and Stability and Growth Pact … fiscal rules, should not be blamed for being harmful to growth in Europe …
Persistent link: https://www.econbiz.de/10014051512
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Over-optimism in forecasts by official budget agencies and its implications
Frankel, Jeffrey A. - In: Oxford review of economic policy 27 (2011) 4, pp. 536-562
Persistent link: https://www.econbiz.de/10009619591
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Fiscal Policy Rules for Stabilisation and Growth : A Simulation Analysis of Deficit and Expenditure Targets in a Monetary Union
Brück, Tilman - 2012
We analyse the effectiveness of fiscal policy rules for business cycle stabilisation in a monetary union using a quarterly macro-econometric model of Germany. The simulations compare a deficit target and an expenditure target under a range of supply, demand and fiscal shocks. Their effects are...
Persistent link: https://www.econbiz.de/10013102162
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Has the stability and growth pact impeded political budget cycles in the European Union?
Mink, Mark; Haan, Jakob de - 2005
This paper examines whether there is a political budget cycle (PBC) in countries in the euro area. Using a multivariate model for the period 1999-2004 and various election indicators we find strong evidence that the Stability and Growth Pact has not restricted fiscal policy makers in the euro...
Persistent link: https://www.econbiz.de/10003147810
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Has the stability and growth pact impeded political budget cycles in the European Union?
Mink, Mark (contributor); Haan, Jakob de (contributor) - 2005
This paper examines whether there is a political budget cycle (PBC) in countries in the euro area. Using a multivariate model for the period 1999-2004 and various election indicators we find strong evidence that the Stability and Growth Pact has not restricted fiscal policy makers in the euro...
Persistent link: https://www.econbiz.de/10003120672
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Has the Stability and Growth Pact Impeded Political Budget Cycles in the European Union?
de Haan, Jakob; Mink, Mark - 2021
This paper examines whether there is a political budget cycle (PBC) in countries in the euro area. Using a multivariate model for the period 1999-2004 and various election indicators we find strong evidence that the Stability and Growth Pact has not restricted fiscal policy makers in the euro...
Persistent link: https://www.econbiz.de/10013318278
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Preferences for fiscal rules or discretion : a case study on Germany and France
Wierts, Peter - In: Die neuen Schuldenregeln im Grundgesetz : zur …, (pp. 304-327). 2010
Persistent link: https://www.econbiz.de/10014565441
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The role of fiscal policies for external imbalances : evidence from the European Union
Afonso, António; Coelho, José Carlos - 2021
two deficits is asymmetric and the negative impact of the recent Eurozone banking and sovereign debt crisis on the current … positive impact of the budget balance on the current account balance is higher in the cases of non-Eurozone countries, high … budget deficit countries, and low exports countries, whereas it is lower in the cases of Eurozone countries, low budget …
Persistent link: https://www.econbiz.de/10012504606