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Budget deficits in euro countries - necessary for economic-policy reasons?

Author

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  • Rigmar Osterkamp

Abstract

Using the data of the euro countries (excl. Luxembourg) the article examines the questions of the impact that the introduction of the euro and the Stability and Growth Pact have had on these countries and whether the economic stimulus caused by this budgetary system has lessened or heightened growth fluctuations.

Suggested Citation

  • Rigmar Osterkamp, 2005. "Budget deficits in euro countries - necessary for economic-policy reasons?," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 58(12), pages 66-68, June.
    • Handle: RePEc:ces:ifosdt:v:58:y:2005:i:12:p:66-68
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    File URL: https://www.ifo.de/DocDL/ifosd_2005_12_6.pdf
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    JEL classification:

    • H30 - Public Economics - - Fiscal Policies and Behavior of Economic Agents - - - General

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