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Race to the debt trap? : spatial econometric evidence on debt in German municipalities

Fossen, Frank M.; Freier, Ronny; Martin, Thorsten - 2014

Through an intertemporal budget constraint, jurisdictions may gain advantages in tax and spending competition by 'competing' on debt. While the existing spatial econometric literature focuses on tax and spending competition, very little is known about spatial interaction via public debt. This...

Persistent link: https://www.econbiz.de/10010238832

Race to the debt trap? : spatial econometric evidence on debt in German municipalities ; conference paper

Fossen, Frank M.; Freier, Ronny; Martin, Thorsten - 2014 - This draft: January 20, 2014

Persistent link: https://www.econbiz.de/10010485958

Modeling fiscal sustainability in dynamic macro-panels with heterogenous effects : evidence from German federal states

Feld, Lars P.; Köhler, Ekkehard A.; Wolfinger, Julia - 2018

In this paper, we extend Henning Bohn's (2008) fiscal sustainability test by allowing for slope heterogeneity and cross-sectional dependence (CD). In particular, our econometric approach is the first that allows fiscal reaction functions (FRF) to capture unobserved heterogeneous effects from...

Persistent link: https://www.econbiz.de/10011814265

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

Schuldenbremse oder Schuldenschranke für die deutschen Bundesländer?

Groneck, Max - In: Review of economics 59 (2008) 2, pp. 149-175

Persistent link: https://www.econbiz.de/10015178681

Konsolidierung der Staatsfinanzen

Steiner, Viktor - 2010

Die Konsolidierung der Staatsfinanzen nach der gegenwärtigen Finanz- und Wirtschaftskrise wird eines der zentralen wirtschaftspolitischen Themen der nächsten Jahre sein: Die Regelungen zur "Schuldenbremse" sehen für den Bundeshaushalt bis 2016 einen annähernd ausgeglichenen Haushalt vor, und...

Persistent link: https://www.econbiz.de/10003962957

Output, prices and public debt under the new German fiscal consensus

Ochsner, Christian; Zuber, Christopher - 2025

Germany is undergoing a major shift in fiscal policy. In response to recent crises and long-term structural challenges … orthodoxy. This paper investigates the macroeconomic implications of Germany's new fiscal consensus, focusing on how the … long-term economic resilience and fiscal sustainability, offering important lessons for Germany and the broader EU as …

Persistent link: https://www.econbiz.de/10015413621

Die Europäische Schuldenkrise : Ursachen und Lösungsstrategien

Heinemann, Friedrich - In: Review of economics 63 (2012) 1, pp. 18-41

Persistent link: https://www.econbiz.de/10015178801

Der Europäische Schuldentilgungspakt : Fragen und Antworten

2012 - Stand: 25. Januar 2012

Persistent link: https://www.econbiz.de/10009751322

The European Redemption Pact : an illustrative guide

Doluca, Hasan; Hübner, Malte; Rumpf, Dominik; Weigert, … - 2012

The European Redemption Pact (ERP), a proposal of the German Council of Economic Experts, describes an exit strategy from the debt crisis which currently plagues the Euro-Area. The pact includes a binding commitment of all participating countries to bring public debt ratios below the reference...

Persistent link: https://www.econbiz.de/10009751324