Similar Search Results

Sustainability of German Fiscal Policy and Public Debt: Historical and Time Series Evidence for the Period 1850-2010

Burret, Heiko T.; Feld, Lars P.; Köhler, Ekkehard A. - CESifo - 2013

In the last decades, the majority of OECD countries has experienced a continuous increase in public debt. The European debt crisis has prompted a fundamental re]evaluation of public debt sustainability and the looming threat of sovereign debt default. Due to a multitude of large scale events in...

Persistent link: https://www.econbiz.de/10010627572

Panel Cointegration Tests on the Fiscal Sustainability of German Laender

Burret, Heiko T.; Feld, Lars P.; Köhler, Ekkehard A. - CESifo - 2014

This paper provides new evidence on the sustainability of public finances in German states (Laender) by exploiting a newly compiled database covering the years 1950]2011. Unlike previous studies on Germany, we analyze fiscal sustainability by applying gsecond generationh panel cointegration...

Persistent link: https://www.econbiz.de/10011067195

Fiscal Sustainability of the German Laender - Time Series Evidence

Burret, Heiko T.; Feld, Lars P.; Köhler, Ekkehard A. - CESifo - 2014

In this paper we analyze the sustainability of public finances in the states (Laender) of the Federal Republic of Germany using an unprecedentedly comprehensive fiscal dataset for the time period from 1950 to 2011 for West German Laender and 1991 to 2011 for East German Laender, respectively. In...

Persistent link: https://www.econbiz.de/10011067196

Using Real-Time Data to Test for Political Budget Cycles

Jong-A-Pin, Richard; Sturm, Jan-Egbert; Haan, Jakob de - CESifo - 2012

We use real]time annual data on the fiscal balance, government current spending, current revenues and net capital outlays as published at a half yearly frequency in the OECD Economic Outlook for 25 OECD countries. For each fiscal year t we have a number of forecasts, a first release, and...

Persistent link: https://www.econbiz.de/10010575440

Convergence of Monetary Transmission in EMU New Evidence

Toolsema, Linda A.; Sturm, Jan-Egbert; Haan, Jakob de - CESifo - 2001

This paper examines how the pass-through of monetary policy measures in 6 EMU countries has evolved over time and …

Persistent link: https://www.econbiz.de/10005181532

Has the EMU Reduced Wage Growth and Unemployment? Testing a Model of Trade Union Behaviour

Mikosch, Heiner; Sturm, Jan-Egbert - CESifo - 2011

(EMU) led to lower wage growth and lower unemployment in participating countries. Following Grüner’s model, monetary …. Although we come up with some weak evidence for increased business cycle amplitudes within the EMU, we neither find a … significant general effect of the EMU on wage growth nor on unemployment. …

Persistent link: https://www.econbiz.de/10009020101