Titelaufnahme

Titel
Are European fiscal rules that bad? : discretionary fiscal policies in new member states / Bettina Fincke, Marcin Wolski
VerfasserBökemeier, Bettina ; Wolski, Marcin
ErschienenBielefeld, Germany : Universität Bielefeld, Faculty of Business Administration and Economics, December 2013
Ausgabe
Elektronische Ressource
Umfang1 Online-Ressource (17 Seiten) : Diagramme
SerieWorking papers in economics and management ; No. 25-2013
SchlagwörterEuropäische Union / Erweiterung / Skalierung / Geschichte 2004
URNurn:nbn:de:hbz:6:2-128189 
DOI10.4119/unibi/2915438 
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Are European fiscal rules that bad? [0.36 mb]
Zusammenfassung

There is no clear-cut evidence on how the adoption of the European scal standards in uences discretionary scal policies within the Member States. This study investigates that phenomenon on the example of the 2004 enlargement. The results show that the e ects of the adoption of EU scal rules bring a statistically signi cant change towards more counter- cyclical behavior. The results are robust for di erent model speci cations, including alternative time spans and correcting for the possible in uence of the nancial crises and political forces. Interestingly, the year 2004 did not have any signi cant impact on the change in scal policies in the Old Member States, suggesting that the EU entry might motivate new members to run more prudent budgetary policies.

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