Abstract
Policymakers in the EU member states are currently shaping rescue packages to prevent the financial crisis hitting their economies with unmitigated force. Each government is responding to the emerging problems with a country-specific set of measures. Given the global nature of the crisis, would coordinated action at the European level not be a better approach? Was the German government — much-criticised for its initial reluctance to adopt massive fiscal stimulation measures — right after all to exploit the option value of waiting in a situation of high uncertainty?
Similar content being viewed by others
Author information
Authors and Affiliations
Rights and permissions
About this article
Cite this article
Schmieding, H. The case against a common fiscal boost in Europe. Intereconomics 44, 4–22 (2009). https://doi.org/10.1007/s10272-009-0273-3
Published:
Issue Date:
DOI: https://doi.org/10.1007/s10272-009-0273-3