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Institutionalist impact upon the efficiency of public finance policy. A theoretical approach

Author

Listed:
  • Evangelia Vasilarou

    (University of Thessaly)

  • Michel Zouboulakis

    (University of Thessaly)

Abstract

In the recent years, there have been significant changes in the fiscal and monetary policy of the United States and the Eurozone. The main objective of these policies was to achieve macroeconomic stability and sustainable economic growth while reducing income inequality. The purpose of this research is to examine which policies and measures do implement better an effective fiscal policy, in order to understand the impact of institutions at a global level. The analysis of institutions can contribute to understand the effectiveness of fiscal policy to achieve social prosperity and to limit the impact of economic fluctuations.

Suggested Citation

  • Evangelia Vasilarou & Michel Zouboulakis, 2023. "Institutionalist impact upon the efficiency of public finance policy. A theoretical approach," Economics Bulletin, AccessEcon, vol. 43(3), pages 1338-1355.
    • Handle: RePEc:ebl:ecbull:eb-22-00599
    as

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    References listed on IDEAS

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    More about this item

    Keywords

    governance; institutions; fiscal rules; indicators of institutional quality;
    All these keywords.

    JEL classification:

    • E6 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook
    • C8 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs

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