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Real-time determinants of fiscal policies in the euro area : fiscal rules, cyclical conditions and elections

Golinelli, Roberto; Momigliano, Sandro - In: Fiscal indicators : papers presented at the Banca …, (pp. 263-300). 2007

Persistent link: https://www.econbiz.de/10003996760

Is Fiscal Policy Procyclical in the Euro Area?

Huart, Florence - 2020

We test the relationship between the cyclically adjusted primary balance and alternative indicators of cyclical conditions for the euro area and 18 OECD countries over the period 1970–2009. A countercyclical stance of discretionary fiscal policy is found during bad times after 1999 in the euro...

Persistent link: https://www.econbiz.de/10012838552

Fiscal rules in economic crisis : the trade-off between consolidation and recovery, from a European perspective

Díaz Roldán, Carmen; Ferrari Filho, Fernando; Da … - In: Economics : the open-access, open-assessment journal 15 (2021) 1, pp. 199-216

In this study, we will perform a simulation exercise to investigate whether the use of explicit fiscal rules improves the macroeconomic performance in the economic framework of the European Union (EU), where the fall in income levels occurred very asymmetrically, and this has accentuated the...

Persistent link: https://www.econbiz.de/10013252537

Euro Area Time-Varying Cyclicality of Fiscal Policy

Afonso, António; Carvalho, Francisco Tiago - 2021

We assess the cyclicality of fiscal policy in the 19 Euro area countries, notably during recessions, for the period 1995-2020. We use a time-varying measure of fiscal cyclicality to describe fiscal policy developments. The results suggest that during recessions discretionary fiscal policy...

Persistent link: https://www.econbiz.de/10013321855

Real time uncertainty in fiscal planning and debt accumulation in the euro area

Paloviita, Maritta - In: International economics and economic policy : IEEP 14 (2017) 1, pp. 43-59

Persistent link: https://www.econbiz.de/10011877458

The effectiveness of cyclically adjusted budget rules in the European Union

Wijsman, Sebastiaan - 2019

Persistent link: https://www.econbiz.de/10012049378

Real-Time Determinants of Fiscal Policies in the Euro Area : Fiscal Rules, Cyclical Conditions and Elections

Golinelli, Roberto; Momigliano, Sandro - 2007

We examine the impact of four factors on the fiscal policies of the euro-area countries over the last two decades: the state of public finances, the European fiscal rules, cyclical conditions and general elections. We rely on information actually available to policy-makers at the time of...

Persistent link: https://www.econbiz.de/10014053611

The effects of fiscal rules on public investment over the cycle

Jürgens, Ekaterina - 2022

This paper investigates how numerical fiscal rules affect government investment in the EU and disentangles their effect over the business cycle. Public investment seems to be generally susceptible to cutbacks during recessions. Fiscal rules demonstrate heterogeneous effects, depending on their...

Persistent link: https://www.econbiz.de/10014327527

This time truly is different : the cyclical behaviour of fiscal policy during the Covid-19 crisis

Heimberger, Philipp - In: Journal of macroeconomics 76 (2023), pp. 1-12

Persistent link: https://www.econbiz.de/10014334033

The cyclical behaviour of fiscal policy during the Covid-19 crisis

Heimberger, Philipp - 2022

Covid-19 crisis (2020-2021) was significantly more countercyclical than before - in particular in the Eurozone. We do not … performance over 2020-2021 was more in line with the past than for discretionary fiscal policy. Overall, fiscal policy in non-Eurozone … advanced countries is more countercyclical than in the Eurozone. However, the cyclicality varies markedly across countries. Our …

Persistent link: https://www.econbiz.de/10013373264

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