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Budgetary forecasts in Europe : the track record of stability and convergence programmes

Strauch, Rolf (contributor); Hallerberg, Mark (contributor); … - 2004

Persistent link: https://www.econbiz.de/10001967859

Sovereign risk premia in the European government bond market

Bernoth, Kerstin (contributor); … - 2004

Persistent link: https://www.econbiz.de/10002233642

The design of fiscal rules and forms of governance in European Union countries

Hallerberg, Mark (contributor); Strauch, Rolf (contributor); … - 2004

Persistent link: https://www.econbiz.de/10002555528

Fiscal sustainability and policy implications for the euro area

Balassone, Fabrizio; Cunha, Jorge Correia da; Langenus, … - 2009

critically assess the widely used projections of the Working Group on Ageing Populations (AWG) of the EU's Economic Policy …

Persistent link: https://www.econbiz.de/10003826581

Sovereign risk premiums in the European Government bond market

Bernoth, Kerstin; Hagen, Jürgen von; Schuknecht, Ludger - 2006

This paper provides a study of bond yield differentials among EU government bonds issued between 1993 and 2005 on the … by EU countries and Germany or the USA contain risk premiums which increase with fiscal imbalances and depend negatively …

Persistent link: https://www.econbiz.de/10010365887

The design of fiscal rules and forms of governance in European Union countries

Hallerberg, Mark; Strauch, Rolf; Hagen, Jürgen von - 2006

procedures in EU countries on public finances. It briefly describes the main pattern of budgetary institutions and their … determinants across the EU 15 member states. Empirical evidence for the time period 1985-2004 suggests that the centralisation of …

Persistent link: https://www.econbiz.de/10010343939

What do deficits tell us about debt? : empirical evidence on creative accounting with fiscal rules in the EU

Hagen, Jürgen von; Wolff, Guntram B. - 2006

Fiscal rules, such as the Excessive Deficit Procedure and the Stability and Growth Pact (SGP), aim at constraining government behavior. Milesi-Ferretti (2003) develops a model in which governments circumvent such rules by reverting to creative accounting. The amount of this depends on the...

Persistent link: https://www.econbiz.de/10010366529

Fiscal rules and fiscal performance in the EU and Japan

Hagen, Jürgen von - 2006

such rules in Japan and in the EU. Comparing the performance of fiscal policy in the 1980s and 1990s until 2003, we find … rule of the Maastricht Treaty had a significant impact on political budget cycles in the EU, but did little to constrain … fiscal rule in the EU has vanished. Next, we discuss the importance of budgetary institutions for the effectiveness of fiscal …

Persistent link: https://www.econbiz.de/10010374865

Sustainable regimes of capital movements in accession countries

Begg, David K. H.; Eichengreen, Barry; Halpern, László; … - 2003

Persistent link: https://www.econbiz.de/10001745572

Government bond risk premiums in the EU revisited : the impact of the financial crisis

Schuknecht, Ludger; Hagen, Jürgen von; Wolswijk, Guido … - 2010

This note looks at US$ and DM/Euro denominated government bond spreads relative to US and German benchmark bonds before and after the start of the current financial crisis. The study finds, first, that bond yield spreads before and during the crisis can largely be explained on the basis of...

Persistent link: https://www.econbiz.de/10003970438