Matches in SemOpenAlex for { <https://semopenalex.org/work/W3125770213> ?p ?o ?g. }
Showing items 1 to 77 of
77
with 100 items per page.
- W3125770213 abstract "We analyze the role of fiscal policy and intra-European trade in business cycle synchronization in the EU for the period 1995-2008. There is a broad consensus that the relationship between fiscal policy and business cycle comovements and between trade integration and cyclical synchronization are subject to endogeneity problems. We instrument fiscal budget surplus by means of (exogenous) political determinants of fiscal policy acknowledged by the literature, while trade integration is instrumented using covariates which summarize the integration status of countries in the sample, GDP per capita differences with respect to the EU and trade specialization within the EU framework. Our results show that both fiscal policy and trade integration are important determinants of cyclical synchronization. We can conclude that once a high degree of trade integration is reached by countries involved in the European integration process, the role of fiscal policy is particularly relevant and differences in fiscal shocks should be analyzed in detail as a source of coherence in cyclical comovements in Europe. Furthermore, fiscal deficits are shown to be an important potential source of idiosyncratic macroeconomic fluctuations, especially in the eurozone. Our results confirm the rationale of monitoring fiscal developments to assess the adequacy of potential future EMU countries and the need for a broad agreement concerning fiscal policy at the EU level." @default.
- W3125770213 created "2021-02-01" @default.
- W3125770213 creator A5027082454 @default.
- W3125770213 creator A5030187744 @default.
- W3125770213 creator A5082124923 @default.
- W3125770213 creator A5090130463 @default.
- W3125770213 date "2011-01-01" @default.
- W3125770213 modified "2023-09-23" @default.
- W3125770213 title "Macroeconomic Aspects of European Integration: Fiscal Policy, Trade Integration and the European Business Cycle" @default.
- W3125770213 hasPublicationYear "2011" @default.
- W3125770213 type Work @default.
- W3125770213 sameAs 3125770213 @default.
- W3125770213 citedByCount "2" @default.
- W3125770213 countsByYear W31257702132015 @default.
- W3125770213 countsByYear W31257702132016 @default.
- W3125770213 crossrefType "posted-content" @default.
- W3125770213 hasAuthorship W3125770213A5027082454 @default.
- W3125770213 hasAuthorship W3125770213A5030187744 @default.
- W3125770213 hasAuthorship W3125770213A5082124923 @default.
- W3125770213 hasAuthorship W3125770213A5090130463 @default.
- W3125770213 hasConcept C10138342 @default.
- W3125770213 hasConcept C114708693 @default.
- W3125770213 hasConcept C139719470 @default.
- W3125770213 hasConcept C149782125 @default.
- W3125770213 hasConcept C162324750 @default.
- W3125770213 hasConcept C18547055 @default.
- W3125770213 hasConcept C190974861 @default.
- W3125770213 hasConcept C19244329 @default.
- W3125770213 hasConcept C2780615719 @default.
- W3125770213 hasConcept C2910001868 @default.
- W3125770213 hasConcept C506295513 @default.
- W3125770213 hasConcept C524878704 @default.
- W3125770213 hasConcept C556758197 @default.
- W3125770213 hasConcept C610760 @default.
- W3125770213 hasConcept C83873408 @default.
- W3125770213 hasConceptScore W3125770213C10138342 @default.
- W3125770213 hasConceptScore W3125770213C114708693 @default.
- W3125770213 hasConceptScore W3125770213C139719470 @default.
- W3125770213 hasConceptScore W3125770213C149782125 @default.
- W3125770213 hasConceptScore W3125770213C162324750 @default.
- W3125770213 hasConceptScore W3125770213C18547055 @default.
- W3125770213 hasConceptScore W3125770213C190974861 @default.
- W3125770213 hasConceptScore W3125770213C19244329 @default.
- W3125770213 hasConceptScore W3125770213C2780615719 @default.
- W3125770213 hasConceptScore W3125770213C2910001868 @default.
- W3125770213 hasConceptScore W3125770213C506295513 @default.
- W3125770213 hasConceptScore W3125770213C524878704 @default.
- W3125770213 hasConceptScore W3125770213C556758197 @default.
- W3125770213 hasConceptScore W3125770213C610760 @default.
- W3125770213 hasConceptScore W3125770213C83873408 @default.
- W3125770213 hasLocation W31257702131 @default.
- W3125770213 hasOpenAccess W3125770213 @default.
- W3125770213 hasPrimaryLocation W31257702131 @default.
- W3125770213 hasRelatedWork W1510767111 @default.
- W3125770213 hasRelatedWork W1586523005 @default.
- W3125770213 hasRelatedWork W1860094437 @default.
- W3125770213 hasRelatedWork W1905437708 @default.
- W3125770213 hasRelatedWork W2006008376 @default.
- W3125770213 hasRelatedWork W2009472801 @default.
- W3125770213 hasRelatedWork W2021992798 @default.
- W3125770213 hasRelatedWork W2128807177 @default.
- W3125770213 hasRelatedWork W2517509576 @default.
- W3125770213 hasRelatedWork W2535145559 @default.
- W3125770213 hasRelatedWork W3023991575 @default.
- W3125770213 hasRelatedWork W3122092352 @default.
- W3125770213 hasRelatedWork W3122798295 @default.
- W3125770213 hasRelatedWork W3123501525 @default.
- W3125770213 hasRelatedWork W3123545920 @default.
- W3125770213 hasRelatedWork W3124658080 @default.
- W3125770213 hasRelatedWork W3125708263 @default.
- W3125770213 hasRelatedWork W3208383511 @default.
- W3125770213 hasRelatedWork W2289981305 @default.
- W3125770213 hasRelatedWork W2997035223 @default.
- W3125770213 isParatext "false" @default.
- W3125770213 isRetracted "false" @default.
- W3125770213 magId "3125770213" @default.
- W3125770213 workType "article" @default.