Fiscal Indulgence in Central Europe : Loss of the External Anchor /

In recent years, fiscal performance in Central Europe has steadily deteriorated, in contrast to the improvement in the Baltics. This paper explores the determinants of such differences among countries slated for EU accession. Regression estimates suggest that economic and institutional fundamentals...

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書目詳細資料
主要作者: Kopits, George
其他作者: Berger, Helge, Szekely, Istvan
格式: 雜誌
語言:English
出版: Washington, D.C. : International Monetary Fund, 2004.
叢編:IMF Working Papers; Working Paper ; No. 2004/062
在線閱讀:Full text available on IMF
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245 1 0 |a Fiscal Indulgence in Central Europe :   |b Loss of the External Anchor /  |c George Kopits, Helge Berger, Istvan Szekely. 
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520 3 |a In recent years, fiscal performance in Central Europe has steadily deteriorated, in contrast to the improvement in the Baltics. This paper explores the determinants of such differences among countries slated for EU accession. Regression estimates suggest that economic and institutional fundamentals do not provide a full explanation. An alternative explanation lies in the political economy of the accession process, and a game-theoretic model illustrates why a country with a stronger bargaining position might have an incentive to deviate from convergence to the Maastricht criteria. The model generates alternative fiscal policy regimes-allowing for regime shifts-depending on country characteristics and EU policies. 
538 |a Mode of access: Internet 
700 1 |a Berger, Helge. 
700 1 |a Szekely, Istvan. 
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