Fiscal policies in the European Union during the crisis

Jesus Ferreiro (), Catalina Galvez and Ana González Flores
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Catalina Galvez: Department of Applied Economics V, University of the Basque Country UPV/EHU

Working papers from Financialisation, Economy, Society & Sustainable Development (FESSUD) Project

Abstract: The paper studies the fiscal policies implemented in the European Union countries since the beginning of the current crisis. With this aim in mind, we have analyzed separately the expansionary fiscal policies implemented at the first stage of the crisis and the fiscal consolidation policies that became widespread at the beginning of the current crisis. The content of the national fiscal policies (discretionary measures versus built-in stabilizers, revenue-based versus expenditure-based fiscal policies, the relationship existing between the size of the fiscal impulses-adjustments and the composition of these measures) shows the significant differences between the fiscal policies implemented in the European Union countries.

Keywords: European Union; fiscal policy; economic crisis. (search for similar items in EconPapers)
JEL-codes: E62 E65 H62 O52 (search for similar items in EconPapers)
Pages: 43 pages
Date: 2015-02-01
New Economics Papers: this item is included in nep-acc, nep-eec and nep-mac
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