Fiscal politics in the euro area /

This paper provides evidence of fiscal procyclicality, excessive deficits, distorted budget composition and poor compliance with fiscal rules in the euro area. Our analysis relies on real-time data for 19 countries participating in the euro area over 1999-2015. We look for, but do not find, conclusi...

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Detalles Bibliográficos
Clasificación:Libro Electrónico
Autores principales: Eyraud, Luc (Autor), Gaspar, Vitor (Autor), Poghosyan, Tigran (Autor)
Formato: Electrónico eBook
Idioma:Inglés
Publicado: [Washington, D.C] : International Monetary Fund, Asia and Pacific Department, 2017.
Colección:IMF working paper ; WP/17/18.
Temas:
Fiscal policy > European Union countries.
Monetary policy > European Union countries.
Politique fiscale > Pays de l'Union européenne.
Politique monétaire > Pays de l'Union européenne.
BUSINESS & ECONOMICS > Economics > Macroeconomics.
POLITICAL SCIENCE > Economic Conditions.
Fiscal policy.
Monetary policy.
European Union countries.
Acceso en línea:Texto completo
Descripción
Sumario:This paper provides evidence of fiscal procyclicality, excessive deficits, distorted budget composition and poor compliance with fiscal rules in the euro area. Our analysis relies on real-time data for 19 countries participating in the euro area over 1999-2015. We look for, but do not find, conclusive evidence of bias in procedures in relation to country size. The paper also briefly reviews the literature on political economy factors and policy biases, and offers some reflections on the euro area architecture.
Descripción Física:1 online resource (45 pages).
ISBN:1475578083
9781475578089

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