Purpose The effectiveness of fiscal policy is an interesting field in literature of
macroeconomics. The purpose of this paper is to investigate the effects of fiscal policy on …

Page 1 Dalgſave macmillan Economics, Politics and Budgets The Political Economy of
Fiscal Consolidations in Europe Carlos Mulas-Granados Page 2 Economics, Politics and …

This paper analyzes the process of destabilization, crisis and adjustment in the Greek
economy since the accession of the country to the European Union and, subsequently, the …

We study the existence, magnitude, and determinants of political budget cycles in Greece
over the past 40 years. We find that the Greek economy has been characterised by …

The vast literature on budget deficits shows that the ability of a government to have
sustainable fiscal deficits is important in terms of its effect on macroeconomic stability of the …

Abstract This study uses Monte Carlo methods to examine the impact on welfare of several
types of commonly used fiscal rules. The simulations employ an expected intertemporal …

Empirical studies demonstrated the existence of political budget cycles in many countries,
although mechanisms underlying such cycles remain substantially unclear. The present …

This empirical paper uses annual data for Greece 1960–2000 to study the link between
fiscal policy and economic growth. Our regression analysis implies that, although a smaller …

This paper investigates the effects of discretionary fiscal policy changes on economic activity
and its subcomponents in Greece in the period 2000–2011. Changes in government …

We consider the presence of electorally motivated cycles in Greece's fiscal policies from
1974 to 2011 and find strong evidence of preelectoral manipulation. In the election years the …