| Autor: |
doc. Ing. Ondřej Schneider MPhil., Ph.D., Hedbavny, Petr; Zapal, Jan
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| Typ: |
Kapitoly v knize |
| Rok: |
2004 |
| Číslo: |
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| ISSN / ISBN: |
ISBN 80-86732-35-5 |
| Publikováno v: |
in: Rozvoj české společnosti v Evropské unii: Ekonomie - Politologie. Prázová, Schneider, Kotábová, s. 111-129, Karlova Universita, |
| Místo vydání: |
Praha, Matfyz Press |
| Klíčová slova: |
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| JEL kódy: |
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| Citace: |
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| Granty: |
Výzkumný záměr IES (1999-2004) "Česká ekonomika v kontextu evropské integrace a globalizace"
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| Abstrakt: |
In this paper, we set out to examine an efficient fiscal-policy framework for a monetary union. We illustrate that fiscal policy’s bias toward budget deficit only temporarily ceased at the end of the 20th century as European countries endeavored to qualify for euro-zone membership, which compelled strict limits on budgetary deficits. We then explore which mechanisms might instill a sense of fiscal disciple in governments. We find that most mechanisms suffer from the incentive-incompatible setup whereby governments restrict their own fiscal-policy freedom. |
| Ke stažení: |
Cely paper
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