Optimal taxation and budget deficits: Evidence for the EU's New Member States

Gerhard Reitschuler

Economics Bulletin, 2011, vol. 31, issue 3, 2593-2602

Abstract: The tax smoothing hypothesis (TSH) is tested for the New Member States of the European Union. Our results show that the TSH holds for five countries, the introduction of the Maastricht 3%-deficit rule, however, had very little effect with regard to the validity of the TSH.

Keywords: Tax smoothing; Government budget constraint; Fiscal rule; Cointegration (search for similar items in EconPapers)
JEL-codes: E6 H2 (search for similar items in EconPapers)
Date: 2011-09-12
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Citations: View citations in EconPapers (2)

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