This paper describes the particular impacts of the financial and economic crisis on Central and Eastern European (CEE …) countries, studies pro-cyclicality of fiscal policies, discusses the impact of the crisis on fiscal policy, and the policy … is that the crisis should be used as an opportunity to introduce reforms to avoid future pro-cyclical fiscal policies, to …

account deficits during the most of the pre-crisis period. Despite generally improved economic environment and high rates of … the most of the pre-crisis period. Crises period affected both fiscal stance of government budgets and current account pre-crisis …

European Union member countries are currently exposed to negative implications of the economic and debt crisis … economic crisis, the call for fiscal consolidation became urgent almost immediately and this need significantly strengthen … after the debt crisis contagion flooded Europe.In the paper we provide an overview of main trends in public budgets and …

The financial crisis and the ensuing Great Recession created unprecedented federal budget deficits in recent years. In …

The euro area is facing crisis, while the US is not, though the overall fiscal situation and outlook is better in the …

The euro area is facing crisis, while the US is not, though the overall fiscal situation and outlook is better in the …

The euro area is facing crisis, while the US is not, though the overall fiscal situation and outlook is better in the …

variables before the global economic crisis. Unit root tests and breaking trend regressions are estimated for total Eurozone TD …