Fiscal policies in the European Union during the crisis

Author:

Ferreiro Jesús1,Gálvez Catalina1,González Ana1

Affiliation:

1. Department of Applied Economics V, University of the Basque Country UPV/EHU, Spain

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 decade. Studying 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.

Publisher

National Library of Serbia

Subject

General Economics, Econometrics and Finance

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