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dc.contributor.authorBayar, Alien_US
dc.contributor.authorSmeets, Bramen_US
dc.date.accessioned2009-05-08en_US
dc.date.accessioned2009-07-28T08:49:29Z-
dc.date.available2009-07-28T08:49:29Z-
dc.date.issued2009en_US
dc.identifier.urihttp://hdl.handle.net/10419/26656-
dc.description.abstractUsing an extended data set of EU countries ranging from 1971-2006 and relevant econometric methods, we investigate the economic, political, and institutional determinants of government deficits in the EU. The results show a strong opportunistic behaviour of policymakers which leads to political business cycles. We find that political fragmentation does not play a significant role in government deficits. Partisan behaviour has a weak effect. The stability of the government has a significant negative impact on the size of the budget deficit. The paper also shows the significant effects of the Maastricht Treaty on fiscal consolidation.en_US
dc.language.isoengen_US
dc.publisherCESifo Münchenen_US
dc.relation.ispartofseriesCESifo working paper 2611en_US
dc.subject.jelC33en_US
dc.subject.jelE62en_US
dc.subject.jelH6en_US
dc.subject.jelH87en_US
dc.subject.ddc330en_US
dc.subject.keywordfiscal policyen_US
dc.subject.keywordEuropean Monetary Unionen_US
dc.subject.stwFinanzpolitiken_US
dc.subject.stwHaushaltsdefiziten_US
dc.subject.stwPublic Choiceen_US
dc.subject.stwEuropäische Wirtschafts- und Währungsunionen_US
dc.subject.stwKonvergenzkriterienen_US
dc.subject.stwPolitischer Konjunkturzyklusen_US
dc.subject.stwSchätzungen_US
dc.subject.stwEU-Staatenen_US
dc.titleEconomic, political and institutional determinants of budget deficits in the European Unionen_US
dc.typeWorking Paperen_US
dc.identifier.ppn599456876en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
Appears in Collections:CESifo Working Papers, CESifo Group Munich

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