Institutionalist impact upon the efficiency of public finance policy. A theoretical approach

Evangelia Vasilarou () and Michel Zouboulakis
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Evangelia Vasilarou: University of Thessaly

Economics Bulletin, 2023, vol. 43, issue 3, 1338 - 1355

Abstract: In the recent years, there have been significant changes in the fiscal and monetary policy of the United States and the Eurozone. The main objective of these policies was to achieve macroeconomic stability and sustainable economic growth while reducing income inequality. The purpose of this research is to examine which policies and measures do implement better an effective fiscal policy, in order to understand the impact of institutions at a global level. The analysis of institutions can contribute to understand the effectiveness of fiscal policy to achieve social prosperity and to limit the impact of economic fluctuations.

Keywords: governance; institutions; fiscal rules; indicators of institutional quality (search for similar items in EconPapers)
JEL-codes: C8 E6 (search for similar items in EconPapers)
Date: 2023-09-30
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