This time is different: Fiscal response to the COVID-19 pandemic among EU countries

Bökemeier B, Wolski M (2022) Universität Bielefeld Working Papers in Economics and Management; 01-2022.
Bielefeld: Bielefeld University, Department of Business Administration and Economics.

Diskussionspapier | Veröffentlicht | Englisch
 
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Autor*in
Bökemeier, BettinaUniBi; Wolski, Marcin
Abstract / Bemerkung
This paper empirically analyses fiscal policy behavior in the European Union (EU) Member States and assesses how it has changed during the recent pandemic crisis compared to previous crisis situations. Based on panel estimations the outcomes reveal that this time is different, both concerning the policy direction as well as its magnitude. We confirm that fiscal policy has turned from formally pro-cyclical/a-cyclical design prior to COVID-19 period to countercyclical in the pandemic years. Moreover, this changeover is independent from the status of the EU membership, as it affects both Old Member States (OMS) and New Member States (NMS) likewise.
Stichworte
COVID-19 pandemic; Discretionary Fiscal Policy; New Member States; Counter-Cyclical Policies; Fiscal Rules
Erscheinungsjahr
2022
Serientitel
Universität Bielefeld Working Papers in Economics and Management
Band
01-2022
Seite(n)
15
ISSN
2196-2723
Page URI
https://pub.uni-bielefeld.de/record/2961170

Zitieren

Bökemeier B, Wolski M. This time is different: Fiscal response to the COVID-19 pandemic among EU countries. Universität Bielefeld Working Papers in Economics and Management. Vol 01-2022. Bielefeld: Bielefeld University, Department of Business Administration and Economics; 2022.
Bökemeier, B., & Wolski, M. (2022). This time is different: Fiscal response to the COVID-19 pandemic among EU countries (Universität Bielefeld Working Papers in Economics and Management, 01-2022). Bielefeld: Bielefeld University, Department of Business Administration and Economics. https://doi.org/10.4119/unibi/2961170
Bökemeier, B., and Wolski, M. (2022). This time is different: Fiscal response to the COVID-19 pandemic among EU countries. Universität Bielefeld Working Papers in Economics and Management, 01-2022, Bielefeld: Bielefeld University, Department of Business Administration and Economics.
Bökemeier, B., & Wolski, M., 2022. This time is different: Fiscal response to the COVID-19 pandemic among EU countries, Universität Bielefeld Working Papers in Economics and Management, no.01-2022, Bielefeld: Bielefeld University, Department of Business Administration and Economics.
B. Bökemeier and M. Wolski, This time is different: Fiscal response to the COVID-19 pandemic among EU countries, Universität Bielefeld Working Papers in Economics and Management, vol. 01-2022, Bielefeld: Bielefeld University, Department of Business Administration and Economics, 2022.
Bökemeier, B., Wolski, M.: This time is different: Fiscal response to the COVID-19 pandemic among EU countries. Universität Bielefeld Working Papers in Economics and Management, 01-2022. Bielefeld University, Department of Business Administration and Economics, Bielefeld (2022).
Bökemeier, Bettina, and Wolski, Marcin. This time is different: Fiscal response to the COVID-19 pandemic among EU countries. Bielefeld: Bielefeld University, Department of Business Administration and Economics, 2022. Universität Bielefeld Working Papers in Economics and Management. 01-2022.
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2022-02-10T12:40:20Z
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