The Effect of Fiscal Policy Asymmetries on Business Cycle Correlation in the EU

The Effect of Fiscal Policy Asymmetries on Business Cycle Correlation in the EU

This paper reviews the role of bilateral fiscal differences, fiscal indiscipline and their joint effects in particular in determining business cycle synchronicity in the European Union (EU). Panel data comprising 28 EU members from 1999–2019 are used in the analysis. The two-step Instrumental Variab...

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Bibliographic Details
Main Authors: Ladislava Issever Grochová, Petr Rozmahel, Marek Litzman
Format: Article
Language:English
Published: Editura Universităţii „Alexandru Ioan Cuza” din Iaşi / Alexandru Ioan Cuza University of Iasi Publishing house 2022-09-01
Series:Scientific Annals of Economics and Business
Subjects:
business cycle synchronicity
fiscal indiscipline
fiscal differences
fiscal policy.
Online Access:http://saeb.feaa.uaic.ro/index.php/saeb/article/view/1678

Internet

http://saeb.feaa.uaic.ro/index.php/saeb/article/view/1678

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