Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/30733 
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dc.contributor.authorBeetsma, Roelen
dc.contributor.authorGiuliodori, Massimoen
dc.date.accessioned2010-03-04-
dc.date.accessioned2010-05-14T08:26:35Z-
dc.date.available2010-05-14T08:26:35Z-
dc.date.issued2010-
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
dc.language.isoengen
dc.publisher|aCenter for Economic Studies and ifo Institute (CESifo) |cMunichen
dc.relation.ispartofseries|aCESifo Working Paper |x2948en
dc.subject.jelE62en
dc.subject.jelF41en
dc.subject.jelF42en
dc.subject.ddc330en
dc.subject.stwFinanzpolitiken
dc.subject.stwDiskretionäre Politiken
dc.subject.stwWirkungsanalyseen
dc.subject.stwHandelsbilanzen
dc.subject.stwKonjunkturzusammenhangen
dc.subject.stwInternationale wirtschaftspolitische Koordinationen
dc.subject.stwEU-Staatenen
dc.titleDiscretionary fiscal policy: Review and estimates for the EU-
dc.typeWorking Paperen
dc.identifier.ppn620346698en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

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