Absorption Boom and Fiscal Stance : What Lies Ahead in Eastern Europe?

What Lies Ahead in Eastern Europe?

Absorption Boom and Fiscal Stance : What Lies Ahead in Eastern Europe?
This paper estimates revenue and expenditure pro-cyclicality with respect to output and domestic absorption in new member states of the European Union and Croatia to assess whether these countries used the boom years of 2003-07 to create sufficient fiscal space. The current crisis has found many countries short of fiscal space. As these... READ MORE...

Publication date: April 2010
ISBN 9781451982749
$18.00

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