We contribute to the literature on the long-run effect of fiscal consolidation on economic growth by applying a novel method for quantitative case studies. Relying on a qualitative (narrative) definition of fiscal consolidations based on an examination of historical policy documents and using...

We contribute to the literature on the long-run effect of fiscal consolidation on economic growth by applying a novel method for quantitative case studies. Relying on a qualitative (narrative) definition of fiscal consolidations based on an examination of historical policy documents and using...

We contribute to the literature on the long-run effect of fiscal consolidation on economic growth by applying a novel method for quantitative case studies. Relying on a qualitative (narrative) definition of fiscal consolidations based on an examination of historical policy documents and using...

Die im Zusammenhang mit der Wirtschafts- und Finanzkrise in vielen Ländern angestiegenen Risikoprämien für Staatsanleihen belasten die nationalen Haushalte. Ungeachtet notwendiger Konsolidierungserfordernisse stellt sich die Frage, welche institutionellen Maßnahmen geeignet sind, dieser...

Using a unique dataset of personal characteristics of national finance ministers in Europe (1980 – 2010), I show that especially a finance minister’s experience affects the development of public debt. Both a finance minister’s experience gained in office and his political experience have...

We investigate the political determinants of risk premiums which sub-national governments in Switzerland have to pay for their sovereign bond emissions. For this purpose we analyse financial market data from 288 tradable cantonal bonds in the period from 1981 to 2007. Our main focus is on two...

Although demographic change leaves pay-as-you-go pension systems unsustainable, reforms, such as a higher pension age, are highly unpopular. This contribution looks into the role of intrinsic motivation as a driver for pension reform acceptance. Theoretical reasoning suggests that this driver...

Numerical fiscal rules are implemented to counterbalance the deficit bias in budgetary policy. Over the recent years, an increasing number of studies try to test the actual effectiveness of fiscal rules. This meta-analysis condenses the existing evidence from different regional and federal...

Die in Deutschland ab dem Jahr 2012 geplante schrittweise Erhöhung des Renteneintrittsalters von 65 auf 67 Jahre scheint innerhalb der Bevölkerung wenig populär zu sein. Existierende Studien, die Determinanten von Rentenreformwiderständen untersuchen, fokussieren vor allem auf...

Die im Zusammenhang mit der Wirtschafts- und Finanzkrise in vielen Ländern angestiegenen Risikoprämien für Staatsanleihen belasten die nationalen Haushalte. Ungeachtet notwendiger Konsolidierungserfordernisse stellt sich die Frage, welche institutionellen Maßnahmen geeignet sind, dieser...