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Sovereign risk premia : the link between fiscal rules and stability culture

Heinemann, Friedrich; Osterloh, Steffen; Kalb, Alexander - 2013 - This version: March 2013

There is a growing empirical literature studying whether fiscal rules reduce borrowing costs. Nevertheless, it remains an open question whether these rules are effective genuinely or just because they mirror fiscal preferences of politicians and voters. In our analysis of European bond spreads,...

Persistent link: https://www.econbiz.de/10009721879

Sovereign risk premia : the link between fiscal rules and stability culture ; conference paper

Heinemann, Friedrich; Osterloh, Steffen; Kalb, Alexander - 2013

Persistent link: https://www.econbiz.de/10010336738

Do fiscal rules constrain fiscal policy? : a meta-regression-analysis

Heinemann, Friedrich; Moessinger, Marc-Daniel; Yeter, … - 2016

We implement a meta-regression-analysis for the budgetary impact of numerical fiscal rules. Based on 30 studies published in the last decade, we offer a consensus estimate with respect to the level of statistical significance, provide suggestive evidence for the effect size, and identify study...

Persistent link: https://www.econbiz.de/10011444762

How integrated are the European retail financial markets? : a cointegration analysis

Schüler, Martin; Heinemann, Friedrich - In: The threat of systemic risk in banking : evidence for Europe. 2002

Persistent link: https://www.econbiz.de/10010503868

Integration benefits on EU retail credit markets : evidence from interest rate pass-through

Heinemann, Friedrich (contributor); … - 2002

Persistent link: https://www.econbiz.de/10001701684

Sovereign Risk Premia : The Link between Fiscal Rules and Stability Culture

Heinemann, Friedrich - 2013

Persistent link: https://www.econbiz.de/10013085156

Reconciling Insurance with Market Discipline : A Blueprint for a European Fiscal Union

Dolls, Mathias - 2015

This contribution develops a blueprint for a European fiscal union. The proposal addresses the shortcomings of most other reform designs which do not offer a solution for insolvent or non-cooperative euro countries. We suggest a design which combines fiscal insurance with an orderly procedure to...

Persistent link: https://www.econbiz.de/10013018079

Do Fiscal Rules Constrain Fiscal Policy? A Meta-Regression-Analysis

Heinemann, Friedrich - 2016

Persistent link: https://www.econbiz.de/10012994845

The ECB under the threat of fiscal dominance : the individual central banker dimension

Heinemann, Friedrich; Kemper, Jan - In: The Economists' voice 18 (2021) 1, pp. 5-30

Persistent link: https://www.econbiz.de/10012805955

Dispelling the Shadow of Fiscal Dominance? Fiscal and Monetary Announcement Effects for Euro Area Sovereign Spreads in the Corona Pandemic

Havlik, Annika; Heinemann, Friedrich; Helbig, Samuel; … - 2021

We use event study regressions to compare the impact of EU monetary versus fiscal policy announcements on government … bond spreads of ten euro member countries. Our motivation is to evaluate which of the two players – the ECB or the EU … only for the announcement of the ‘Next Generation EU’ program. In contrast, a temporary relaxation of European fiscal rules …

Persistent link: https://www.econbiz.de/10013221648