Publication type
Report
Authors
Publication date
November 15, 2014
Summary:
We analyze the effectiveness of fiscal
policy in general and automatic stabilizers in particular to stabilize output in
Eurozone member states under the current institutional framework of fiscal governance. First, a descriptive analysis based on macro
data is conducted for the period 2007-2014, both for ex-post as well as
real-time data. In the second step, we analyze the potential of automatic
stabilizers for output stabilization in steady state, i.e., when member states
have achieved balanced budgets, using micro data and microsimulation tools for
Europe and the United States.
Subjects
Link
http://ftp.zew.de/pub/zew-docs/gutachten/ZEWAutomaticStabilizersEurozone2015.pdf
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