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Intereconomics

, Volume 52, Issue 3, pp 125–131 | Cite as

Reflections on the Euro Area Fiscal Stance

  • Christophe Kamps
  • Jacopo Cimadomo
  • Sebastian Hauptmeier
  • Nadine Leiner-Killinger
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Abstract

Avoiding the mistakes of the past, when the good times were not used to build buffers, will be crucial to avoid countries again being forced to engage in a pro-cyclical fiscal tightening in the next downturn.

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Copyright information

© ZBW and Springer-Verlag GmbH Germany 2017

Authors and Affiliations

  • Christophe Kamps
    • 1
  • Jacopo Cimadomo
    • 1
  • Sebastian Hauptmeier
    • 1
  • Nadine Leiner-Killinger
    • 1
  1. 1.Fiscal Policies Division - Directorate General EconomicsEuropean Central BankFrankfurt a.M.Germany

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