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Fiscal Politics in the Euro Area

Fiscal Politics in the Euro Area

This paper provides evidence of fiscal procyclicality, excessive deficits, distorted budget composition and poor compliance with fiscal rules in the euro area. Our analysis relies on real-time data for 19 countries participating in the euro area over 1999–2015. We look for, but do not find, conclusi...

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Bibliographic Details
Main Authors: Luc Eyraud, Vitor Gaspar, Tigran Poghosyan
Format: Báo cáo
Published: International Monetary Fund Janu
Subjects:
political economy factors
deficit bias
procyclicality
fiscal rules
Online Access:http://hdl.handle.net/11742/39058
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