6533b826fe1ef96bd1283e2a

RESEARCH PRODUCT

The Analysis on the Cyclical Behaviour of Fiscal Policy in the EU Member States

Oana Elena Mesea

subject

MacroeconomicsFiscal imbalanceCountercyclical fiscal policyPublic expendituresMember statesGeneral EngineeringEconomicsEnergy Engineering and Power TechnologyDeveloping countryFiscal unionBudget balanceFiscal policyProcyclical fiscal policy

description

Abstract This paper deals with the topic of cyclicality of fiscal policy. The main purpose of this paper is to determine the cyclical behaviour of fiscal policy in the EU member states, using historical time series for all the European countries during the period between 1995- 2011. The results pointed out that the procyclical fiscal policies are a feature of developing countries and the countercyclical and acyclical fiscal policies are a feature of developed counties.

yearjournalcountryeditionlanguage
2013-01-01Procedia Economics and Finance
10.1016/s2212-5671(13)00184-6http://dx.doi.org/10.1016/S2212-5671(13)00184-6