Hein, Eckhard; Truger, Achim - Institut für Makroökonomie und Konjunkturforschung … - 2006
2001-2005. Whereas US fiscal policy has been strongly counter-cyclical, thus stabilising the economy, in the Euro area …Since the start of the European Monetary Union fiscal policy in the Euro area has been dominated by the Stability and … same time macroeconomic performance has been unsatisfactory. We analyse fiscal policy and its macroeconomic impact for the …