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