TY  - GEN
AB  - There is no clear-cut evidence on how the adoption of the European
fiscal standards in
uences discretionary fiscal policies within the Member
States. This study investigates that phenomenon on the example of the
2004 enlargement. The results show that the effects of the adoption of EU
fiscal rules bring a statistically significant change towards more counter-
cyclical behavior. The results are robust for different model specifications,
including alternative time spans and correcting for the possible influence
of the financial crises and political forces. Interestingly, the year 2004
did not have any significant impact on the change in fiscal policies in the
Old Member States, suggesting that the EU entry might motivate new
members to run more prudent budgetary policies.
DA  - 2013
DO  - 10.4119/unibi/2915438
KW  - discretionary fiscal policy
KW  - New Member States
LA  - eng
PY  - 2013
SN  - 2196-2723
SP  - 18-
TI  - Are European fiscal rules that bad? Discretionary fiscal policies in New Member States
UR  - https://nbn-resolving.org/urn:nbn:de:0070-pub-29154382
Y2  - 2024-11-21T23:00:54
ER  -