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
TypeArticle
TitleFiscal policy in Europe
AuthorsBarrell, 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.

PublisherSAGE Publications
JournalNational Institute Economic Review
ISSN0027-9501
1741-3036
Publication dates
Print01 Jul 2007
Publication process dates
Deposited15 Feb 2021
Accepted01 Jun 2007
Output statusPublished
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 identifierWOS:000212121200006
Related Output
Has metadatahttps://publons.com/wos-op/publon/47760780/
LanguageEnglish
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