Showing 1 - 10 of 22,236
of a systematic electoral cycle in fiscal policy (i.e. spending and budget deficits are raised in election years … relative weight voters assign to non-economic issues prior to an election and positively correlated with the uncertainty over …
Persistent link: https://www.econbiz.de/10003920014
Within the economic profession, it is a widely held view that the fiscal criteria of the Maastricht treaty are arbitrary numbers without economic foundation. Much of this criticism seems to overlook an important aspect - the strategic dimension of the criteria. This paper focuses on one...
Persistent link: https://www.econbiz.de/10013428121
Within the economic profession, it is a widely held view that the fiscal criteria of the Maastricht treaty are arbitrary numbers without economic foundation. Much of this criticism seems to overlook an important aspect - the strategic dimension of the criteria. This paper focuses on one...
Persistent link: https://www.econbiz.de/10011441024
Persistent link: https://www.econbiz.de/10001224358
Persistent link: https://www.econbiz.de/10012252004
Persistent link: https://www.econbiz.de/10011350254
Persistent link: https://www.econbiz.de/10010349589
Persistent link: https://www.econbiz.de/10010190147
Persistent link: https://www.econbiz.de/10012437765
An early criticism of the Stability and Growth Pact has pointed to its asymmetric nature and the weak mechanisms to prevent politically-motivated fiscal policies: its constraints would bite in downswings but not in upswings, especially if in the latter the electoral cycle increases the...
Persistent link: https://www.econbiz.de/10012444588