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Fiscal Adjustments and Their Effects during the Transition to the EMU

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  • Gobbin, Niko
  • van Aarle, Bas

Abstract

The transition phase to EMU has been accompanied by considerable monetary and fiscal consolidation efforts in the EU. This paper analyses this consolidation process and its effects on economic activity in the EU. It is tested to what extent fiscal retrenchment efforts have depressed or stimulated private spending. In the case of the latter non-Keynesian effects dominate the traditional Keynesian expenditure effects of government spending, taxation and transfer payments. Copyright 2001 by Kluwer Academic Publishers

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Bibliographic Info

Article provided by Springer in its journal Public Choice.

Volume (Year): 109 (2001)
Issue (Month): 3-4 (December)
Pages: 269-99

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Handle: RePEc:kap:pubcho:v:109:y:2001:i:3-4:p:269-99

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Web page: http://www.springerlink.com/link.asp?id=100332

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Cited by:
  1. Jönsson, Kristian, 2004. "Fiscal Policy Regimes and Household Consumption," Working Papers 2004:12, Lund University, Department of Economics.
  2. Afonso, António & Jalles, João Tovar, 2014. "Assessing fiscal episodes," Economic Modelling, Elsevier, vol. 37(C), pages 255-270.
  3. D. Van den Poel, 2003. "Predicting Mail-Order Repeat Buying. Which Variables Matter?," Review of Business and Economics, Katholieke Universiteit Leuven, Faculteit Economie en Bedrijfswetenschappen, vol. 0(3), pages 371-404.
  4. Kapopoulos, Panayotis, 2004. "When can fiscal consolidation be expansionary? Evidence from a small open economy," Journal of Policy Modeling, Elsevier, vol. 26(8-9), pages 1031-1043, December.
  5. Maria Neicheva, 2006. "Non-Keynesian Effects of Government Expenditure on Output in Bulgaria: An HP Filter Approach," Post-Communist Economies, Taylor & Francis Journals, vol. 18(1), pages 1-12.
  6. M. Neyt & J. Albrecht & B. Clarysse & V. Cocquyt, 2003. "The Cost-Effectiveness of Herceptin® in a Standard Cost Model for Breast-Cancer Treatment in a Belgian University Hospital," Working Papers of Faculty of Economics and Business Administration, Ghent University, Belgium 03/180, Ghent University, Faculty of Economics and Business Administration.

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