TY  - GEN
AB  - This paper empirically analyses fiscal policy behavior in the European Union
(EU) Member States and assesses how it has changed during the recent pandemic
crisis compared to previous crisis situations. Based on panel estimations
the outcomes reveal that this time is different, both concerning the policy direction
as well as its magnitude. We confirm that fiscal policy has turned from
formally pro-cyclical/a-cyclical design prior to COVID-19 period to countercyclical
in the pandemic years. Moreover, this changeover is independent from
the status of the EU membership, as it affects both Old Member States (OMS)
and New Member States (NMS) likewise.
DA  - 2022
DO  - 10.4119/unibi/2961170
KW  - COVID-19 pandemic
KW  - Discretionary Fiscal Policy
KW  - New Member States
KW  - Counter-Cyclical Policies
KW  - Fiscal Rules
LA  - eng
PY  - 2022
SN  - 2196-2723
SP  - 15-
TI  - This time is different: Fiscal response to the COVID-19 pandemic among EU countries
UR  - https://nbn-resolving.org/urn:nbn:de:0070-pub-29611702
Y2  - 2024-11-22T01:08:36
ER  -