Narrow search
Showing 1 - 10 of 413
Cover Image
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
Cover Image
Fiscal Sustainability, Fiscal Reactions, Pitfalls and Determinants
Afonso, António; Coelho, José Carlos - 2022
We examine the sustainability of public finances and its determinants for 19 Eurozone countries from 1995 to 2020. We conclude for the existence of panel cointegration between government revenues and expenditures; primary government balance and one-period lagged public debt-to-GDP ratio; and...
Persistent link: https://www.econbiz.de/10013296248
Cover Image
Who Cares? Attitudes Towards Redistribution and Fiscal Austerity
Brown, Sarah; Kontonikas, Alexandros; Montagnoli, Alberto; … - 2021
We present new evidence showing that fiscal austerity strengthens support for redistribution, especially for the relatively well-off. Our theoretical model proposes two mechanisms to explain this heterogeneity in support for redistribution: ‘altruism’ and ‘appreciation’. We test our...
Persistent link: https://www.econbiz.de/10013314696
Cover Image
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 extension of one such policy, the Domestic Stability Pact (DSP), to small Italian municipalities. The DSP led to a decrease in both recorded corruption rates and corruption charges per...
Persistent link: https://www.econbiz.de/10013244240
Cover Image
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
Cover Image
Are fiscal adjustments less successful in decentralized governments?
Schaltegger, Christoph A.; Feld, Lars P. - 2007
A common political claim is that decentralized governments undermine policy makers' ability to fight fiscal imbalance. This paper examines how different fiscal institutions influence the likelihood of a successful fiscal adjustment. Using a panel of the Swiss cantons from 1981 to 2001, we first...
Persistent link: https://www.econbiz.de/10010264091
Cover Image
Do large cabinets favor large governments? : evidence from Swiss sub-federal jurisdictions
Feld, Lars P.; Schaltegger, Christoph A. - 2004
The fiscal commons problem is one of the most prominent explanations of excessive spending and indebtedness in political economics. The more fragmented a government, the higher its spending, deficits and debt. In this paper we investigate to what extent this problem can be mitigated by different...
Persistent link: https://www.econbiz.de/10010261274
Cover Image
The Saving Glut of the Rich and the Rise in Household Debt
Mian, Atif R. - 2020
across states shows that the rise in top income shares can explain almost all of the accumulation of household debt held as a … financial asset by the household sector. Since the Great Recession, the saving glut of the rich has been financing government …
Persistent link: https://www.econbiz.de/10012837475
Cover Image
Time Preferences Over the Life Cycle and Household Saving Puzzles
Kureishi, Wataru; Paule-Paludkiewicz, Hannah; … - 2021
cycle. Decreasing discounting helps a canonical life-cycle model to explain the household saving puzzles of undersaving when …
Persistent link: https://www.econbiz.de/10013239561
Cover Image
Determinants of Japanese Household Saving Behavior in the Low-Interest Rate Environment
Latsos, Sophia; Schnabl, Gunther - 2021
households, focusing on the dramatic change of the household savings rate since 1998, from high to low savings. The literature …This paper scrutinizes the role of prolonged, expansionary monetary policy on the savings behavior of Japanese … monetary policy had a significant impact on Japan’s household behavior via the interest rate channel and the redistribution …
Persistent link: https://www.econbiz.de/10013239569