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Fiscal behaviour in the European Union: rules, fiscal decentralization and government indebtedness

Afonso, António; Hauptmeier, Sebastian - European Central Bank - 2009

We assess the fiscal behaviour in the European Union countries for the period 1990-2005 via the responsiveness of budget balances to several determinants. The resultsshow that the existence of effective fiscal rules, the degree of public spendingdecentralization, and the electoral cycle can...

Persistent link: https://www.econbiz.de/10005866594

Economic reactions to public finance consolidation - a survey of the literature

Briotti, Maria Gabriella - European Central Bank - 2005

The paper reviews the theoretical and empirical literature that has investigated the conditions under which a contractionary fiscal policy is effective in reducing debt and deficit, but does not have a negative effect on growth. The issue is central to macroeconomics and policy making, given...

Persistent link: https://www.econbiz.de/10005162870

An Analysis of the Sectoral Balances in EY Countries.

Kennedy, N.O. - European Central Bank - 1996

This study addresses the issue of relations between the balances of individual sectors, applying standard statistical measures. A number of general observations were make. First, it is apparent that imbalances of the public, private and external sectors in most EU countries have tended to...

Persistent link: https://www.econbiz.de/10005486857

Government spending volatility and the size of nations

Furceri, Davide; Poplawski Ribeiro, Marcos - European Central Bank - 2008

This paper provides empirical evidence showing that smaller countries tend to have more volatile government spending for a sample of 160 countries from 1960 to 2000. We argue that the larger size of a country decreases the volatility of government spending because it acts as an insurance against...

Persistent link: https://www.econbiz.de/10005222361

Public Pension, Pension Reform and Fiscal Policy.

Davis, E.P. - European Central Bank - 1996

This paper seeks to contribute to debate on the issue of reform of pension systems in the EU, in the context of the direct effects of such provisions on fiscal policy.

Persistent link: https://www.econbiz.de/10005780903

How does competition affect efficiency and soundness in banking? New empirical evidence

Schaeck, Klaus; Čihák, Martin - European Central Bank - 2008

based approach to large data sets for European and U.S. banks, we offer new empirical evidence that efficiency plays a key … tests to establish the link between competition and measures of profit efficiency in banking, and find that competition … indeed increases bank efficiency. Second, building on these results, we examine the relation between the Boone indicator …

Persistent link: https://www.econbiz.de/10005344858

Public and private inputs in aggregate production and growth: a cross-country efficiency approach

Afonso, António; St. Aubyn, Miguel - European Central Bank - 2010

frontier, TFP being the composite effect of efficiency scores and possibility frontier changes. We consider, for the periods …

Persistent link: https://www.econbiz.de/10008541284

Quality of public finances and growth

Afonso, António; Ebert, Werner; Schuknecht, Ludger; … - European Central Bank - 2005

investment, innovation). The paper addresses the approaches used to assess the performance and efficiency of public spending, and …

Persistent link: https://www.econbiz.de/10005162890

Public sector efficiency: evidence for new EU member states and emerging markets

Afonso, António; Schuknecht, Ludger; Tanzi, Vito - European Central Bank - 2006

In this paper we analyse public sector efficiency in the new member states of the European Union compared to that in … emerging markets. After a conceptual discussion of expenditure efficiency measurement issues, we compute efficiency scores and … rankings by applying a range of measurement techniques. The study finds that expenditure efficiency across new EU member states …

Persistent link: https://www.econbiz.de/10005530687

Income distribution determinants and public spending efficiency

Afonso, António; Schuknecht, Ludger; Tanzi, Vito - European Central Bank - 2008

economies. We also assess the efficiency of public spending in redistributing income by using a DEA (Data Envelopment Analysis …

Persistent link: https://www.econbiz.de/10005530992