The Analysis on the Cyclical Behaviour of Fiscal Policy in the EU Member States

Oana Elena Mesea1
1Faculty of Economic Sciences, “Lucian Blaga” University of Sibiu, Sibiu, Romania

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Alesina A., G. Tabellini (2005), Why is Fiscal Policy Often Procyclical?, NBER Working Paper no. 11600. Gavin, M; R. Perotti (1997), Fiscal Policy in Latin America, Volume Title: NBER Macroeconomics Annual 1997, Volume 12, Volume Author/Editor: Ben S. Bernanke and Julio Rotemberg, January 1997, available on-line http://www.nber.org/chapters/c11036.pdf. Kaminski, 2004, When it rains it pours: Procyclical capital flows and macroeconomic policies, NBER Working Paper Stiglitz, 2006, 128