Economics, Econometrics and Finance
4 years ago

Europe's fiscal policy mix boosts growth, investment, and budget balance

Greenwich Papers in Political Economy
The effect of income distribution and fiscal policy on growth, investment, and budget balance: the case of Europe
Thomas Obst, Özlem Onaran, Maria Nikolaidi

Paper Summary

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The article explores how income distribution and government policies impact economic growth, investment, and budget balance in Europe. By analyzing data from EU15 countries, the researchers found that combining wage, tax, and public spending policies leads to a stronger economic stimulus. Implementing these policies together can create sustainable growth and a more equitable society. The study suggests that a mix of progressive taxes, increased public spending, and fair wages can promote balanced development in Europe.