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Number of Pages 6
This research paper: This 6 page paper is written in three parts. The first part briefly explains briefly what fiscal policy is and how fiscal balances, and the Public Sector Net Cash Requirement (PSNCR), can both affect and be effected by cyclical fluctuations. The second part explains the main problems governments encounter when trying to achieve high and stable growth rates of GDP using fiscal policy. The third part of the paper examines the reasons behind the government budget deficits experienced by the major countries in the EU. The bibliography cites 8 sources.
File: TS14_TEfiscalpol.rtf
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