Fiscal adjustments and their effects during the transition to the EMU

被引：12
|
作者：
Gobbin, N
van Aarle, B
机构：
[1] Univ Ghent, Fac Econ & Business Adm, Dept Gen Econ, B-9000 Ghent, Belgium
[2] Catholic Univ Louvain, Fac Econ, B-3000 Louvain, Belgium
[3] Univ Nijmegen, Dept Appl Econ, NL-6500 HK Nijmegen, Netherlands
[4] LICOS, B-3000 Louvain, Belgium
来源：
PUBLIC CHOICE | 2001年 / 109卷 / 3-4期
关键词：
Transition Phase; Public Finance; Paper Analysis; Government Spending; Transfer Payment;
D O I：
10.1023/A:1013064820125
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
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.
引用
收藏
页码：269 / 299
页数：31
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