Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/17737 
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dc.contributor.authorKamps, Christopheen
dc.date.accessioned2009-01-28T14:59:09Z-
dc.date.available2009-01-28T14:59:09Z-
dc.date.issued2001-
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
dc.language.isoengen
dc.publisher|aKiel Institute of World Economics (IfW) |cKielen
dc.relation.ispartofseries|aKiel Working Paper |x1028en
dc.subject.jelE6en
dc.subject.jelH6en
dc.subject.jelH5en
dc.subject.jelH3en
dc.subject.jelH2en
dc.subject.ddc330en
dc.subject.keywordFiscal policyen
dc.subject.keywordnational savingen
dc.subject.keywordbudgetary consolidationen
dc.subject.keywordEuropean Unionen
dc.subject.keywordpanelen
dc.subject.stwFinanzpolitiken
dc.subject.stwSparenen
dc.subject.stwHaushaltskonsolidierungen
dc.subject.stwWirtschaftspolitische Wirkungsanalyseen
dc.subject.stwEuropäische Wirtschafts- und Währungsunionen
dc.subject.stwSchätzungen
dc.subject.stwEU-Staatenen
dc.titleFiscal Consolidation in Europe: Pre- and Post-Maastricht-
dc.typeWorking Paperen
dc.identifier.ppn741268825en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen
dc.identifier.repecRePEc:zbw:ifwkwp:1028en
dc.identifier.printppn327932171en

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