Macroeconomic Influence Of Fiscal Policy During The Eurointegration Process
AbstractThe article investigates the interconnection of budget deficits and main macroeconomic activities of Central European Countries (CEC). The most adequate theoretical instrument, which can explain the phenomena of quick budget’s deficit increasing on the threshold of EU integration, is the model of intertemporal consumption optimization. Econometric estimation of fiscal policy effects was done for five CEC by the period of 1995–2009 using a structural Vector Autoregression approach. Empirical results showed that Poland is the ideal illustration of theoretically foreseen consequences of fiscal policy in the model of intertemporal optimization of consumption.
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Bibliographic InfoArticle provided by Yuriy Kovalenko in its journal Ukrainian Journal Ekonomist.
Volume (Year): (2011)
Issue (Month): 12 (December)
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Web page: http://ua-ekonomist.com/
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