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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International Monetary Fund
Janu
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| Online Access: | http://hdl.handle.net/11742/39058 |
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| author | Luc Eyraud, Vitor Gaspar Tigran Poghosyan |
| author_facet | Luc Eyraud, Vitor Gaspar Tigran Poghosyan |
| author_sort | Luc Eyraud, Vitor Gaspar |
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| description | 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. |
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| id | oai:http:--thuvienso.quochoi.vn:11742-39058 |
| institution | Thư viện số |
| publishDate | Janu |
| publisher | International Monetary Fund |
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| spelling | oai:http:--thuvienso.quochoi.vn:11742-390582017-09-06T02:31:22Z Fiscal Politics in the Euro Area Chính trị tài khóa tại Khu vực đồng Châu Âu Luc Eyraud, Vitor Gaspar Tigran Poghosyan political economy factors deficit bias procyclicality fiscal rules 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. January 2017 Báo cáo http://hdl.handle.net/11742/39058 application/pdf International Monetary Fund International Monetary Fund |
| spellingShingle | political economy factors deficit bias procyclicality fiscal rules Luc Eyraud, Vitor Gaspar Tigran Poghosyan Fiscal Politics in the Euro Area |
| title | Fiscal Politics in the Euro Area |
| title_full | Fiscal Politics in the Euro Area |
| title_fullStr | Fiscal Politics in the Euro Area |
| title_full_unstemmed | Fiscal Politics in the Euro Area |
| title_short | Fiscal Politics in the Euro Area |
| title_sort | fiscal politics in the euro area |
| topic | political economy factors deficit bias procyclicality fiscal rules |
| url | http://hdl.handle.net/11742/39058 |
| work_keys_str_mv | AT luceyraudvitorgaspar fiscalpoliticsintheeuroarea AT tigranpoghosyan fiscalpoliticsintheeuroarea AT luceyraudvitorgaspar chinhtritaikhoataikhuvucđongchauau AT tigranpoghosyan chinhtritaikhoataikhuvucđongchauau |
Droit fiscal international\