Fiscal policy in Europe
Article
Barrell, R. and Gottschalk, S. 2007. Fiscal policy in Europe. National Institute Economic Review. 201 (1), pp. 33-36. https://doi.org/10.1177/0027950107083047
Type | Article |
---|---|
Title | Fiscal policy in Europe |
Authors | Barrell, R. and Gottschalk, S. |
Abstract | The impacts of fiscal expansion are very uncertain, and they depend amongst other things upon the impacts of policy on expectations of the future. If the French Government does not make clear that it has a long-term commitment to reducing the deficit, the perception that taxes will rise in the future may induce consumers to retrench. It is possible, as Giavazzi and Pagano (1990) argue, to induce a contractionary fiscal expansion in such cases. However, if long-term commitments are clear, and if the policy of expansion is justified in terms of offsetting the contractionary effects of labour market reform, then the multiplier impacts of the expansion should show their normal positive values. |
Publisher | SAGE Publications |
Journal | National Institute Economic Review |
ISSN | 0027-9501 |
1741-3036 | |
Publication dates | |
01 Jul 2007 | |
Publication process dates | |
Deposited | 15 Feb 2021 |
Accepted | 01 Jun 2007 |
Output status | Published |
Web address (URL) | https://journals.sagepub.com/doi/abs/10.1177/0027950107083047 |
Digital Object Identifier (DOI) | https://doi.org/10.1177/0027950107083047 |
Web of Science identifier | WOS:000212121200006 |
Related Output | |
Has metadata | https://publons.com/wos-op/publon/47760780/ |
Language | English |
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