Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
981868 | Procedia Economics and Finance | 2013 | 9 Pages |
Abstract
This paper deals with the topic of cyclicality of fiscal policy. The main purpose of this paper is to determine the cyclical behaviour of fiscal policy in the EU member states, using historical time series for all the European countries during the period between 1995- 2011. The results pointed out that the procyclical fiscal policies are a feature of developing countries and the countercyclical and acyclical fiscal policies are a feature of developed counties.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics