Are European fiscal rules that bad? Discretionary fiscal policies in New Member States
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منابع مشابه
Are European fiscal rules that bad? Discretionary fiscal policies in New Member States
There is no clear-cut evidence on how the adoption of the European fiscal standards influences discretionary fiscal policies within the Member States. This study investigates that phenomenon on the example of the 2004 enlargement. The results show that the effects of the adoption of EU fiscal rules bring a statistically significant change towards more countercyclical behavior. The results are r...
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n 1992, President Bush proposed legislation intended to speed up the recovery from the 1990-91 recession. Congress rejected this proposal for countercyclical fiscal policy stimulus. In early 1993 President Clinton proposed his own stimulus package, but Congress rejected this proposal too. Many reasons were given for deciding against these two discretionary fiscal policy proposals, but perhaps t...
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Fiscal rules specify quantitative targets for key budgetary aggregates. In this paper, we review the experience with such rules in Japan and in the EU. Comparing the performance of fiscal policy in the 1980s and 1990s until 2003, we find that the fiscal rule of the 1980s exerted some but not much disciplinary influence on Japanese fiscal policy. The fiscal rule of the Maastricht Treaty had a si...
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FOCUS ON EUROPEAN ECONOMIC INTEGRATION Q2/09
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ژورنال
عنوان ژورنال: Empirical Economics
سال: 2015
ISSN: 0377-7332,1435-8921
DOI: 10.1007/s00181-015-1006-z