English, Article, Journal or magazine article edition: Fiscal policy in Central and Eastern Europe with real time data: Cyclicality, inertia and the role of EU accession John Lewis

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Bookmark: http://trove.nla.gov.au/version/31910
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • Fiscal policy in Central and Eastern Europe with real time data: Cyclicality, inertia and the role of EU accession
Author
  • John Lewis
Physical Description
  • preprint
Notes
  • This paper evaluates the cyclicality, inertia and effect of EU accession on fiscal policy in Central and Eastern Europe using a real time dataset. Budget balances are found to react in a stabilising way to economic activity, and they are less inert than is typically found in Western Europe. There is clear evidence of a fiscal loosening in the run-up to EU accession. This began in 1999 in larger central European countries, often identified as “front-runners”. The other seven began loosening in 2001, after the Nice Treaty had been agreed and their EU entry confirmed. For both sets of countries, this loosening cumulatively amounts to some 3% of GDP.
  • Central and Eastern Europe; Fiscal Policy; Real Time Data; EU Accession.
  • RePEc:dnb:dnbwpp:214
Language
  • English
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