Are European fiscal rules that bad? Discretionary fiscal policies in New Member States

Fincke B, Wolski M (2013) Working Papers in Economics and Management; 25-2013.
Bielefeld: Bielefeld University, Department of Business Administration and Economics.

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There is no clear-cut evidence on how the adoption of the European fiscal standards in uences discretionary fiscal policies within the Member States. This study investigates that phenomenon on the example of the 2004 enlargement. The results show that the effects of the adoption of EU fiscal rules bring a statistically significant change towards more counter- cyclical behavior. The results are robust for different model specifications, including alternative time spans and correcting for the possible influence of the financial crises and political forces. Interestingly, the year 2004 did not have any significant impact on the change in fiscal policies in the Old Member States, suggesting that the EU entry might motivate new members to run more prudent budgetary policies.
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Fincke B, Wolski M. Are European fiscal rules that bad? Discretionary fiscal policies in New Member States. Working Papers in Economics and Management. Vol 25-2013. Bielefeld: Bielefeld University, Department of Business Administration and Economics; 2013.
Fincke, B., & Wolski, M. (2013). Are European fiscal rules that bad? Discretionary fiscal policies in New Member States (Working Papers in Economics and Management, 25-2013). Bielefeld: Bielefeld University, Department of Business Administration and Economics. doi:10.4119/unibi/2915438
Fincke, B., and Wolski, M. (2013). Are European fiscal rules that bad? Discretionary fiscal policies in New Member States. Working Papers in Economics and Management, 25-2013, Bielefeld: Bielefeld University, Department of Business Administration and Economics.
Fincke, B., & Wolski, M., 2013. Are European fiscal rules that bad? Discretionary fiscal policies in New Member States, Working Papers in Economics and Management, no.25-2013, Bielefeld: Bielefeld University, Department of Business Administration and Economics.
B. Fincke and M. Wolski, Are European fiscal rules that bad? Discretionary fiscal policies in New Member States, Working Papers in Economics and Management, vol. 25-2013, Bielefeld: Bielefeld University, Department of Business Administration and Economics, 2013.
Fincke, B., Wolski, M.: Are European fiscal rules that bad? Discretionary fiscal policies in New Member States. Working Papers in Economics and Management, 25-2013. Bielefeld University, Department of Business Administration and Economics, Bielefeld (2013).
Fincke, Bettina, and Wolski, Marcin. Are European fiscal rules that bad? Discretionary fiscal policies in New Member States. Bielefeld: Bielefeld University, Department of Business Administration and Economics, 2013. Working Papers in Economics and Management. 25-2013.
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