Is Fiscal Policy Procyclical in the Euro Area?

被引：8
|
作者：
Huart, Florence [1 ]
机构：
[1] Univ Lille 1, F-59655 Villeneuve Dascq, France
来源：
GERMAN ECONOMIC REVIEW | 2013年 / 14卷 / 01期
关键词：
Cyclical behaviour of discretionary fiscal policy; procyclical bias; countercyclical fiscal stance;
D O I：
10.1111/geer.12000
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
We test the relationship between the cyclically adjusted primary balance and alternative indicators of cyclical conditions for the euro area and 18 OECD countries over the period 1970-2009. A countercyclical stance of discretionary fiscal policy is found during bad times after 1999 in the euro area as a whole and in a few member countries only (France, Ireland and The Netherlands). It is also associated with high public deficits or low public debts. There is no significant case of procyclical fiscal policy after 1999, neither in good times nor in bad times.
引用
收藏
页码：73 / 88
页数：16
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