Arbeitspapier
Fiscal policies and business cycles in an enlarged euro area
This paper compares the cyclical properties of fiscal policies across the 12 original eurozone countries and the future members from Central and Eastern Europe. For the sample period 1995-2005, the fiscal balance exhibits less inertia and is more counter-cyclical in Central and Eastern European countries than in members of the eurozone. The main differences arise from the revenue side. Differences in the formation of fiscal policy between current and future eurozone countries decrease over time. Autonomous fiscal policy has little or no effect on cyclical variability in either of the two groups of countries. Counter-cyclical fiscal policy appears to be effective in Central and Eastern European countries, but largely ineffective in eurozone countries.
- Sprache
-
Englisch
- Erschienen in
-
Series: CESifo Working Paper ; No. 1933
- Klassifikation
-
Wirtschaft
Fiscal Policy
Comparative or Joint Analysis of Fiscal and Monetary Policy; Stabilization; Treasury Policy
Business Fluctuations; Cycles
- Thema
-
fiscal policy determinants
fiscal policy effects
eurozone expansion
Finanzpolitik
Konjunktur
Wirtschaftspolitische Wirkungsanalyse
Europäische Wirtschafts- und Währungsunion
EU-Staaten
EU-Staaten (Osteuropa)
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Staehr, Karsten
- Ereignis
-
Veröffentlichung
- (wer)
-
Center for Economic Studies and ifo Institute (CESifo)
- (wo)
-
Munich
- (wann)
-
2007
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:42 MEZ
Datenpartner
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Objekttyp
- Arbeitspapier
Beteiligte
- Staehr, Karsten
- Center for Economic Studies and ifo Institute (CESifo)
Entstanden
- 2007
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