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European fiscal policies under the stability pact - some first insights

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dc.creator Lehment, Harmen
dc.date 2002
dc.date.accessioned 2013-10-16T06:38:36Z
dc.date.available 2013-10-16T06:38:36Z
dc.date.issued 2013-10-16
dc.identifier http://hdl.handle.net/10419/2729
dc.identifier ppn:345387104
dc.identifier ppn:345387104
dc.identifier.uri http://koha.mediu.edu.my:8181/xmlui/handle/10419/2729
dc.description EU Member countries have shown different degrees of ambition to reach a budget position of ?close to balance or in surplus?. Differences in ambition can only partly be explained by the relative size of cyclical safety mar­gins or differences in the number of votes in the ECOFIN Council. It is also shown that in the medium run there is no evidence for a trade-off between budget consolidation and growth. Of the eight countries with the strongest reduction of structural budget deficits in the period 1992-2001, only one showed growth rates below the EU average. The other seven countries even managed to achieve higher growth rates than in the period 1974-91 during which structural deficits had increased.
dc.language eng
dc.publisher Kiel Institute for the World Economy (IfW) Kiel
dc.relation Kieler Arbeitspapiere 1098
dc.rights http://www.econstor.eu/dspace/Nutzungsbedingungen
dc.subject E65
dc.subject E61
dc.subject ddc:330
dc.subject fiscal policy
dc.subject budget deficits
dc.subject European Union
dc.subject Finanzpolitik
dc.subject Haushaltsdefizit
dc.subject Konvergenzkriterien
dc.subject Haushaltskonsolidierung
dc.subject Wirtschaftswachstum
dc.subject EU-Staaten
dc.title European fiscal policies under the stability pact - some first insights
dc.type doc-type:workingPaper


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