Please use this identifier to cite or link to this item:
http://hdl.handle.net/2445/63544
Full metadata record
DC Field | Value | Language |
---|---|---|
dc.contributor.author | Claeys, Peter | - |
dc.date.accessioned | 2015-03-03T13:42:36Z | - |
dc.date.available | 2015-03-03T13:42:36Z | - |
dc.date.issued | 2007 | - |
dc.identifier.issn | 2014-1254 | - |
dc.identifier.uri | http://hdl.handle.net/2445/63544 | - |
dc.description.abstract | The fiscal policy rule implicit in the Stability and Growth Pact, has been rationalised as a way to ensure that national fiscal policies remain sustainable within the EU, thereby endorsing the independence of the ECB. We empirically examine the sustainability of European fiscal policies over the period 1970-2001. The intertemporal government budget constraint provides a test based on the cointegration relation between government revenues, expenditures and interest payments. Sustainability is analysed at both the national level and for a European panel. Results show that European fiscal policy has been sustainable overall, yet national experiences differ considerably. | - |
dc.format.extent | 24 p. | - |
dc.format.mimetype | application/pdf | - |
dc.language.iso | eng | - |
dc.publisher | Universitat de Barcelona. Institut de Recerca en Economia Aplicada Regional i Pública | - |
dc.relation.ispartof | IREA – Working Papers, 2007, IR07/02 | - |
dc.relation.ispartofseries | [WP E-IR07/02] | - |
dc.rights | cc-by-nc-nd, (c) Claeys, 2007 | - |
dc.rights.uri | http://creativecommons.org/licenses/by-nc-nd/3.0/ | - |
dc.source | Documents de treball (Institut de Recerca en Economia Aplicada Regional i Pública (IREA)) | - |
dc.subject.classification | Política fiscal | - |
dc.subject.classification | Macroeconomia | - |
dc.subject.classification | Cicle de vida del producte | - |
dc.subject.classification | Deute públic | - |
dc.subject.classification | Anàlisi d'impacte econòmic | - |
dc.subject.classification | Inversions | - |
dc.subject.other | Fiscal policy | - |
dc.subject.other | Macroeconomics | - |
dc.subject.other | Product life cycle | - |
dc.subject.other | Public debt | - |
dc.subject.other | Economic impact analysis | - |
dc.subject.other | Investments | - |
dc.title | Sustainability of EU fiscal policies. A panel test | - |
dc.type | info:eu-repo/semantics/workingPaper | - |
dc.date.updated | 2015-03-03T13:42:36Z | - |
dc.rights.accessRights | info:eu-repo/semantics/openAccess | - |
Appears in Collections: | Documents de treball (Institut de Recerca en Economia Aplicada Regional i Pública (IREA)) |
Files in This Item:
File | Description | Size | Format | |
---|---|---|---|---|
IR07-002_Claeys.pdf | 165.54 kB | Adobe PDF | View/Open |
This item is licensed under a Creative Commons License