Farvaque, Étienne; Huart, Florence; Vaneecloo, Clément - In: Revue de l'OFCE 92 (2005) 1, pp. 99-144
This paper evaluates the strength of automatic fiscal stabilizers in European countries by applying to the EU countries Taylor (2000)?'s methodology, which relates the budget balance to the output gap and the structural budget balance. Estimates are provided for the EU and for each of the EU...
