Abstract
In the wake of the financial and economic crisis Keynesian macroeconomic management has once again come into the spotlight. The following article takes a critical look at the practice of expansionary fiscal policy in the EU’s old member states between 1980 and 2005 in order to answer the question whether fiscal stimulus can be a successful response to the current crisis in both the short and the long run.
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The author is indebted to the constructive comments of László Csaba, Julius Horvath, Balázs Kotosz, István Magas, András Sugár and Eszter Szabó-Bakos. The project was supported by the János Bolyai scholarship of the Hungarian Academy of Sciences.
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Benczes, I. Fiscal stimulus and its effects in the European Union. Intereconomics 44, 317–323 (2009). https://doi.org/10.1007/s10272-009-0309-8
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DOI: https://doi.org/10.1007/s10272-009-0309-8