Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/25978
Authors: 
Staehr, Karsten
Year of Publication: 
2007
Series/Report no.: 
CESifo working paper 1933
Abstract: 
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.
Subjects: 
fiscal policy determinants
fiscal policy effects
eurozone expansion
JEL: 
E62
E63
E32
Document Type: 
Working Paper

Files in This Item:
File
Size
325.14 kB





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.