Fiscal Adjustments and Their Effects During the Transition to the EMU

被引：3

作者：

Niko Gobbin

Bas van Aarle

机构：

[1] Ghent University,Faculty of Economics and Business Administration, Department of General Economics

[2] Catholic University of Leuven,LICOS and Faculty of Economics

[3] University of Nijmegen,Department of Applied Economics

来源：

Public Choice | 2001年 / 109卷

关键词：

Transition Phase; Public Finance; Paper Analysis; Government Spending; Transfer Payment;

D O I：

暂无

中图分类号：

学科分类号：

摘要：

The transition phase to EMU hasbeen accompanied by considerable monetaryand fiscal consolidation efforts in the EU.This paper analyses this consolidationprocess and its effects on economicactivity in the EU. It is tested to what extent fiscal retrenchment efforts havedepressed or stimulated private spending. Inthe case of the latter non-Keynesian effectsdominate the traditional Keynesianexpenditure effects of government spending,taxation and transfer payments.

引用

页码：269 / 299

页数：30

共 34 条

[11]

Perotti R.(1993)Fiscal effectiveness and debt illusion in a rational expectations model Annales d'Economie et de Statistique 31 129-146

[12]

Aprahamiam F.(1999)An empirical analysis of the effects of government spending on capital investment: Evidence from OECD countries International Economic Journal 13 45-55

[13]

Paraponaris A.(1996)Non-Keynesian effects of fiscal policy changes: International evidence and the Swedish experience Swedish Economic Policy Review 3 69-103

[14]

Bahmani-Oskooee M.(2000)Searching for non-linear effects of fiscal policy: Evidence from industrial and developing countries European Economic Review 44 1259-1289

[15]

Bertola G.(1982)Tobin's marginal q and average q: A neoclassical interpretation Econometrica 50 213-224

[16]

Drazen A.(1996)An empirical analysis of fiscal adjustments IMF Staff Papers 43 725-753

[17]

Blinder A.(1999)The effects of the European Economic and Monetary Union (EMU) on national fiscal sustainability Open Economies Review 10 31-61

[18]

Deaton A.(1992)Is tax-discounting stable over time? Oxford Bulletin of Economics and Statistics 54 121-142

[19]

Dalamagas B.(1999)Fiscal policy in good times and bad Quarterly Journal of Economics 109 1399-1436

[20]

Giannaros D.(1995)Fiscal crises and aggregate demand: Can high public debt reverse the effects of fiscal policy? Journal of Public Economics 65 147-162

← 1 2 3 4 →