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Corruption Under Austerity
Daniele, Gianmarco; Giommoni, Tommaso - 2021
We study how policies limiting the spending capacity of local governments may reduce corruption. We exploit the … both recorded corruption rates and corruption charges per euro spent. This effect emerges only in areas in which the DSP … put a binding cap on municipal capital expenditures. The reduction in corruption is linked to accountability incentives as …
Persistent link: https://www.econbiz.de/10013244240
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The Euro Area Periphery Sovereigns' Fiscal Positions and Unconventional Monetary Policy
Hülsewig, Oliver - 2020
We explore the reaction of the euro area periphery sovereigns' fiscal positions to an unconventional monetary policy shock. We estimate panel vector autoregressive (VAR) models over the period 2010-2018, and identify the shock by imposing sign restrictions. Our results suggest that the...
Persistent link: https://www.econbiz.de/10012843420
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Does Government Spending Efficiency Improve Fiscal Sustainability?
Afonso, António; Alves, José - 2022
We evaluate the impact of government spending efficiency on fiscal sustainability for a panel of 35 OECD countries during the period of 2007-2020. To answer our research question we first compute the magnitude of the responses of government revenues to changes in government spending. Next, we...
Persistent link: https://www.econbiz.de/10013289691
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To Consolidate or Not to Consolidate? A Multi-Step Analysis to Assess Needed Fiscal Sustainability
Afonso, António; Alves, José; Tovar Jalles, João - 2022
We assess the specific need (or its absence) of a country to implement a fiscal consolidation programme by focusing specifically on their degree of success, notably in terms of fiscal sustainability. The “need” to consolidate is based on having a primary balance above or below the...
Persistent link: https://www.econbiz.de/10013296715
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Corruption under Austerity
Daniele, Gianmarco; Giommoni, Tommaso - 2021
We study how policies limiting the spending capacity of local governments may reduce corruption. We exploit the … both recorded corruption rates and corruption charges per euro spent. This effect emerges only in areas in which the DSP … put a binding cap on municipal capital expenditures. The reduction in corruption is linked to accountability incentives as …
Persistent link: https://www.econbiz.de/10012581972
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How Much Binding Is the Bill?
Cafiso, Gianluca; Cellini, Roberto - 2018
We study whether and how much the interest bill conditions the size and composition of public expenditures. The group of EU 15 countries over the 1995-2016 period is the object of analysis. We study both total public expenditures and public expenditures by function of government in order to...
Persistent link: https://www.econbiz.de/10011887407
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What determines fiscal policy?: evidence from German states
Berger, Helge; Holler, Anika - 2007
This paper explores the factors behind the time path of real spending and revenue in the West German states from 1975 to 2004. The empirical approach stresses robustness and takes into account a large set of economic and political variables. Our results suggest that common economic factors and,...
Persistent link: https://www.econbiz.de/10010264180
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Election-Induced Fiscal Policy Cycles in Emerging Market and Developing Economies
de Haan, Jakob; Ohnsorge, Franziska; Yu, Shu - 2023
The widening of fiscal deficits during democratic elections is well established. We examine a broader set of fiscal outcomes around elections for a large set of emerging and developing economies (EMDEs), probe for differences between democracies and non-democracies, and estimate the degree to...
Persistent link: https://www.econbiz.de/10014469493
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What Determines Fiscal Policy? Evidence from German States
Berger, Helge; Holler, Anika - 2021
This paper explores the factors behind the time path of real spending and revenue in the West German states from 1975 to 2004. The empirical approach stresses robustness and takes into account a large set of economic and political variables. Our results suggest that common economic factors and,...
Persistent link: https://www.econbiz.de/10013316904
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Taxation, corruption and the exchange rate regime
Hefeker, Carsten - 2009
The paper analyzes the relation between institutional quality, such as corruption, in a country and its monetary regime …. It is shown that a credibly fixed exchange rate to a low inflation country, like a currency board, can reduce corruption … countries with regard to the level of corruption. …
Persistent link: https://www.econbiz.de/10010264571