@unpublished{publication-5483, author={Malley, Jim and Philippopoulos, Apostolis and Woitek, Ulrich}, institution={University of Zurich}, issn={1424-0459}, number={No. 312}, series={Working paper series / Institute for Empirical Research in Economics}, title={To React or Not? Fiscal Policy, Volatility and Welfare in the EU-3}, year=2007, }