English, Article edition: Macroeconomic Effects of the Policy of Budget Consolidation in the EU Markus Marterbauer; Ewald Walterskirchen

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Physical Description
  • article
Language
  • English

Edition details

Title
  • Macroeconomic Effects of the Policy of Budget Consolidation in the EU
Author
  • Markus Marterbauer
  • Ewald Walterskirchen
Physical Description
  • article
Notes
  • Future budget consolidation measures – within the framework of the "Stability Pact" – may result in a more significant slow-down of economic growth than that experienced during the 1995-1997 period. One-time effects and outsourcing measures are limited in scope, further interest-rate effects are not to be expected, least of all in the former soft-currency countries, devaluation has become impossible within the Monetary Union, and the savings ratio is expected to stabilise on a medium-term basis. Hence, an anti-cyclical budget policy is called for from the macroeconomic point of view.
  • Gesamtwirtschaftliche Auswirkungen der Budgetkonsolidierungspolitik in der EU; Macroeconomic Effects of the Policy of Budget Consolidation in the EU
  • RePEc:wfo:monber:y:1999:i:4:p:305-314
Language
  • English
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