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dc.contributor.authorBeetsma, Roelen_US
dc.contributor.authorGiuliodori, Massimoen_US
dc.date.accessioned2010-03-04en_US
dc.date.accessioned2010-05-14T08:26:35Z-
dc.date.available2010-05-14T08:26:35Z-
dc.date.issued2010en_US
dc.identifier.urihttp://hdl.handle.net/10419/30733-
dc.description.abstractWe briefly review the theoretical and empirical consequences of discretionary fiscal policy changes, after which we provide our own estimates for the EU countries. A fiscal expansion raises output and consumption and reduces the trade balance. Moreover, the stimulating effect of higher government purchases is weaker and the trade balance reduction is larger for more open EU economies, consistent with larger leakage effects. Further direct estimates suggest that fiscal expansions in large EU economies have non-negligible consequences for economic activity in the main trading partners. This provides a rationale for the concerted fiscal expansion recently initiated by the European Commission.en_US
dc.language.isoengen_US
dc.publisherCESifo Münchenen_US
dc.relation.ispartofseriesCESifo working paper 2948en_US
dc.subject.jelE62en_US
dc.subject.jelF41en_US
dc.subject.jelF42en_US
dc.subject.ddc330en_US
dc.subject.stwFinanzpolitiken_US
dc.subject.stwDiskretionäre Politiken_US
dc.subject.stwWirkungsanalyseen_US
dc.subject.stwHandelsbilanzen_US
dc.subject.stwKonjunkturzusammenhangen_US
dc.subject.stwInternationale wirtschaftspolitische Koordinationen_US
dc.subject.stwEU-Staatenen_US
dc.titleDiscretionary fiscal policy: Review and estimates for the EUen_US
dc.typeWorking Paperen_US
dc.identifier.ppn620346698en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
Appears in Collections:CESifo Working Papers, CESifo Group Munich

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