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The German "debt brake" : success factors and challenges
Feld, Lars P.; Reuter, Wolf Heinrich - 2021 - Final draft, Version: 16 June 2021
Germany introduced a new fiscal rule, the ‘debt brake’, after the Global Financial Crisis and since then experienced a … the current crisis in Germany illustrate the intended effects of fiscal rules very well. Debt ratios are reduced during … important for Germany and other economies to repeat the reduction in the debt to GDP ratio in order to be prepared for the next …
Persistent link: https://www.econbiz.de/10012549653
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Non-linear effects of fiscal policy in Germany : a Markov-switching approach
Höppner, Florian; Wesche, Katrin - 2000 - This version: July 2000
Keynesian theory suggests that a reduction in government expenditure has a negative effect on private demand and therefore on output. Contrary, neoclassical theory argues that reduced public expenditure makes room for an expansion of the private sector and thus has a stimulating effect on the...
Persistent link: https://www.econbiz.de/10011540071
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Do expectations matter? : reassessing the effect of government spending on key macroeconomic variables in Germany
Gründler, Klaus; Sauerhammer, Sarah - 2016
This paper investigates the effects of government spending on key macroeconomic variables in Germany. It contributes to … for Germany by pointing to a rather positive effect of government spending on GDP. …
Persistent link: https://www.econbiz.de/10011525541
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Do public investments increase employment in a recession? : evidence from Germany ; conference paper
Buchheim, Lukas; Watzinger, Martin - 2013
In 2009, Germany invested 15.4 Billion Euro in infrastructure to avert the looming recession. In this study, we …
Persistent link: https://www.econbiz.de/10010341046
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Economic growth and endogenous fiscal policy : in search of a data consistent general equilibrium model
Malley, James R.; Philippopulos, Apostolēs - 2000
explaining the interaction between private agents and fiscal authorities in the U.S., West Germany, Japan and the U.K. over the … is necessary to formally test the models' theoretical restrictions. In West Germany and Japan there is evidence that the …
Persistent link: https://www.econbiz.de/10009781505
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Exchange rate misalignments and crises
Stein, Jerome L.; Paladino, Giovanna - 1999
changes in France, Germany and Italy. …
Persistent link: https://www.econbiz.de/10009781700
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The effects of fiscal policy in an estimated DSGE model - the case of the German stimulus packages during the great recession
Drygalla, Andrej - In: Monetary and fiscal policy analyses in estimated DSGE models, (pp. 101-123). 2016
Persistent link: https://www.econbiz.de/10011477162
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Regional fiscal equalization in Germany : a simultaneous equation approach to assess the economic effects of fiscal policy
Eberle, Jonathan - 2019
Regional fiscal equalization in Germany aims to reduce fiscal disparities by allocating financial resources to less … channels of fiscal equalization in East and West Germany. Particularly, I find higher effects in right-wing CDU/CSU preferring …
Persistent link: https://www.econbiz.de/10011981106
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Fiscal policy adjustments to budget shocks : evidence from German municipalities
Christofzik, Désirée I.; Schneider, Benny - 2019
We study the fiscal policy reactions of municipalities in the German state of North Rhine-Westphalia to an unanticipated spending shock. The implementation of a horizontal transfer system led to additional contributions for selected municipalities. Using the quasi-random assignment, we examine...
Persistent link: https://www.econbiz.de/10012120088