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Corruption, Seigniorage and Growth: Theory and Evidence

Blackburn, Keith; Neanidis, Kyriakos C.; Haque, M. Emranul - CESifo - 2008

This paper presents an analysis of the effect of bureaucratic corruption on economic growth through a public finance … seigniorage finance. This leads to an increase in inflation which, in turn, reduces capital accumulation and growth. At the …

Persistent link: https://www.econbiz.de/10005181368

Unemployment, Growth and Speed of Transition in China

Fidrmuc, Jan; Huang, Shuo - CESifo - 2013

We investigate the relationship between unemployment and growth in China. We find considerable differences in the …

Persistent link: https://www.econbiz.de/10010877790

Optimal Management with Potential Regime Shifts

Polasky, Stephen; Zeeuw, Aart de; Wagener, Florian - CESifo - 2010

We analyze how the threat of a potential future regime shift affects optimal management. We use a simple general growth …

Persistent link: https://www.econbiz.de/10008727304

Legal Institutions, Innovation and Growth

Anderlini, Luca; Felli, Leonardo; Immordino, Giovanni; … - CESifo - 2011

We analyze the relationship between legal institutions, innovation and growth. We compare a rigid (law set ex … welfare, amount of innovation and output growth at intermediate stages of technological development - periods when legal … excessive (greater than first-best) R&D investment and output growth. …

Persistent link: https://www.econbiz.de/10009150639

A Fiscal Rule that has Teeth: A Suggestion for a ‘Fiscal Sustainability Council’ underpinned by the Financial Markets

Hedbávný, Petr; Schneider, Ondrej; Zápal, Jan - CESifo - 2005

the EU’s Stability and Growth Pact, suffer from the same endogeneity flaw. Consequently, we argue that a fiscal rule must …

Persistent link: https://www.econbiz.de/10005406098

Vertical Effects of Fiscal Rules - The Swiss Experience

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

Formal fiscal rules have been introduced in many countries throughout the world. While most studies focus on intra]jurisdictional effects of fiscal rules, vertical impacts on the finances of other levels of governments have yet to be explored thoroughly. The paper investigates the influence of...

Persistent link: https://www.econbiz.de/10010948867

An Economic Theory of Switzerland

Blankart, Charles B. - CESifo - 2011

Switzerland is often viewed as a federalist curiosity and a unique form of direct democracy. But this view does not provide a proper understanding of the country. A theory of Switzerland is necessary. A consideration of the initial, exogenous geographical situation of Swiss territory provides a...

Persistent link: https://www.econbiz.de/10009371362

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

Economic, Political and Institutional Determinants of Budget Deficits in the European Union

Bayar, Ali; Smeets, Bram - CESifo - 2009

Using an extended data set of EU countries ranging from 1971-2006 and relevant econometric methods, we investigate the economic, political, and institutional determinants of government deficits in the EU. The results show a strong opportunistic behaviour of policymakers which leads to political...

Persistent link: https://www.econbiz.de/10005000369

Government Deficits in the European Union: An Analysis of Entry and Exit Dynamics

Bayar, Ali; Smeets, Bram - CESifo - 2009

in the Economic and Monetary Union since the Stability and Growth Pact rules out deficits larger than 3 percent of GDP …

Persistent link: https://www.econbiz.de/10005013070