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...
Đã lưu trong:
| Những tác giả chính: | , |
|---|---|
| Định dạng: | Báo cáo |
| Được phát hành: |
International Monetary Fund
Janu
|
| Những chủ đề: | |
| Truy cập trực tuyến: | http://hdl.handle.net/11742/39058 |
| Các nhãn: |
Thêm thẻ
Không có thẻ, Là người đầu tiên thẻ bản ghi này!
|
Thêm thẻ | Tóm tắt: | 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, conclusive evidence of bias in procedures in relation to country size. The paper also briefly reviews the literature on political economy factors and policy biases, and offers some reflections on the euro area architecture. |
|---|
Droit fiscal international\