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dc.contributor.authorKamps, Christopheen_US
dc.date.accessioned2009-01-28T14:59:09Z-
dc.date.available2009-01-28T14:59:09Z-
dc.date.issued2001en_US
dc.identifier.urihttp://hdl.handle.net/10419/17737-
dc.description.abstractBased on a panel data model this paper investigates whether the effects of fiscal policy on national saving in Europe have changed after the Maastricht Treaty came into force. Recently Giavazzi, Jappelli and Pagano (2000) found evidence that national saving responds nonlinearly to fiscal policy when a large and persistent consolidation is undertaken. I show that their finding is not robust, one reason being that the structural budget deficit is not a time-invariant criterion for identifying episodes of large and persistent fiscal impulses. This paper proposes and analyses an alternative definition of a fiscal consolidation episode: the post-Maastricht period.en_US
dc.language.isoengen_US
dc.publisherKiel Institute for the World Economy (IfW) Kielen_US
dc.relation.ispartofseriesKieler Arbeitspapiere 1028en_US
dc.subject.jelE6en_US
dc.subject.jelH6en_US
dc.subject.jelH5en_US
dc.subject.jelH3en_US
dc.subject.jelH2en_US
dc.subject.ddc330en_US
dc.subject.keywordFiscal policyen_US
dc.subject.keywordnational savingen_US
dc.subject.keywordbudgetary consolidationen_US
dc.subject.keywordEuropean Unionen_US
dc.subject.keywordpanelen_US
dc.subject.stwFinanzpolitiken_US
dc.subject.stwSparenen_US
dc.subject.stwHaushaltskonsolidierungen_US
dc.subject.stwWirtschaftspolitische Wirkungsanalyseen_US
dc.subject.stwEuropäische Wirtschafts- und Währungsunionen_US
dc.subject.stwSchätzungen_US
dc.subject.stwEU-Staatenen_US
dc.titleFiscal Consolidation in Europe: Pre- and Post-Maastrichten_US
dc.typeWorking Paperen_US
dc.identifier.ppn327932171en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
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