Deroose, Servaas; Larch, Martin; Schaechter, Andrea - Directorate-General Economic and Financial Affairs, … - 2008
It is often argued that fiscal stabilisation in the euro area compares unfavourably with the US, not least because of … considered in the analysis of fiscal stabilisation. In particular, on top of discretionary fiscal policy, which generally is at … gap between the two. On the basis of such a more comprehensive analysis, fiscal stabilisation in the euro area appears …