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The case for restricting fiscal policy discretion

Fatás, Antonio (contributor); Mihov, Ilian (contributor) - 2002 - [Elektronische Ressource]

Persistent link: https://www.econbiz.de/10001656836

On constraining fiscal policy discretion in EMU

Fatás, Antonio; Mihov, Ilian - In: Oxford review of economic policy 19 (2003) 1, pp. 112-131

Persistent link: https://www.econbiz.de/10001891990

Fiscal policy and EMU: challenges of the early years

Fatás, Antonio; Mihov, Ilian - In: EMU and economic policy in Europe : the challenge of …, (pp. 125-149). 2002

Persistent link: https://www.econbiz.de/10001731893

The Case for Restricting Fiscal Policy Discretion

Fatás, Antonio; Mihov, Ilian - 2003

This paper studies the effects of discretionary fiscal policy on output volatility and economic growth. Using data for ninety-one countries we isolate three empirical regularities: (1) Governments that use fiscal policy aggressively induce significant macroeconomic instability; (2) The...

Persistent link: https://www.econbiz.de/10014085564