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dc.contributor.authorBrück, Tilmanen_US
dc.contributor.authorZwiener, Rudolfen_US
dc.date.accessioned2009-01-28T15:39:47Z-
dc.date.available2009-01-28T15:39:47Z-
dc.date.issued2004en_US
dc.identifier.urihttp://hdl.handle.net/10419/18163-
dc.description.abstractWe analyse the effectiveness of fiscal policy rules for business cycle stabilisation in a monetary union using a quarterly macro-econometric model of Germany. The simulations compare a deficit target and an expenditure target under a range of supply, demand and fiscal shocks. Their effects are evaluated by their impact on prices and output. The analysis demonstrates that in general the deficit target of the stability pact leads to less stabilisation than an expenditure target. The results suggest that the deficit rule of the stability pact should be replaced with an expenditure rule augmented by medium-term debt targets.en_US
dc.language.isoengen_US
dc.publisherDeutsches Institut für Wirtschaftsforschung (DIW) Berlinen_US
dc.relation.ispartofseriesDIW-Diskussionspapiere 427en_US
dc.subject.jelF42en_US
dc.subject.jelE62en_US
dc.subject.jelE37en_US
dc.subject.ddc330en_US
dc.subject.keywordfiscal policyen_US
dc.subject.keywordinternational policy coordinationen_US
dc.subject.keywordsimulationen_US
dc.subject.stwAntizyklische Finanzpolitiken_US
dc.subject.stwEU-Stabilitätspakten_US
dc.subject.stwWährungsunionen_US
dc.subject.stwWirtschaftspolitische Wirkungsanalyseen_US
dc.subject.stwSimulationen_US
dc.subject.stwHaushaltsdefiziten_US
dc.subject.stwÖffentliche Ausgabenen_US
dc.subject.stwSchätzungen_US
dc.subject.stwDeutschlanden_US
dc.titleFiscal Policy Rules for Stabilisation and Growth : A Simulation Analysis of Deficit and Expenditure Targets in a Monetary Unionen_US
dc.typeWorking Paperen_US
dc.identifier.ppn389380407en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
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DIW-Diskussionspapiere

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