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German and the rest of euro area fiscal policy during the crisis

Gadatsch, Niklas; Hauzenberger, Klemens; Stähler, Nikolai - 2015

We present the estimated large-scale three-region DSGE model GEAR picturing Germany, the Euro Area and the Rest of the world. Compared to existing models of this type, GEAR incorporates a comprehensive fiscal block, involuntary unemployment and a complex international structure. We use the model...

Persistent link: https://www.econbiz.de/10010516561

Fiscal cyclicality and EMU

Bénétrix, Agustín S.; Lane, Philip R. - In: Journal of international money and finance 34 (2013), pp. 164-176

Persistent link: https://www.econbiz.de/10009751119

Sovereign risk premia : the link between fiscal rules and stability culture

Heinemann, Friedrich; Osterloh, Steffen; Kalb, Alexander - In: Journal of international money and finance 41 (2014), pp. 110-127

Persistent link: https://www.econbiz.de/10010338738

Economic stabilization in the post-crisis world : are fiscal rules the answer?

Bergman, Michael U.; Hutchison, Michael M. - In: Journal of international money and finance 52 (2015), pp. 82-101

Persistent link: https://www.econbiz.de/10011490891

Assessing long-term fiscal developments : a new approach

Afonso, António; Agnello, Luca; Furceri, Davide; … - In: Journal of international money and finance 30 (2011) 1, pp. 130-146

Persistent link: https://www.econbiz.de/10009268859

Cyclical adjustment in fiscal rules : some evidence on real-time bias for EU-15 countries

Kempkes, Gerhard - 2012

Most EU member states will adopt fiscal rules that refer to cyclically-adjusted borrowing limits. Under the standard …-time output gaps used to calculate cyclical components balance over time. We analyse real-time output gaps for EU-15 countries … over the 1996-2011 period as estimated by the EU, the IMF and the OECD. Compared to each institution’s final estimate, we …

Persistent link: https://www.econbiz.de/10009566470

Strategic interactions of fiscal policies in Europe : a global VAR perspective

Dragomirescu-Gaina, Catalin; Philippas, Dionisis - In: Journal of international money and finance 59 (2015), pp. 49-76

Persistent link: https://www.econbiz.de/10011478276

Cost of borrowing shocks and fiscal adjustment

De Groot, Oliver; Holm-Hadulla, Fédéric; Leiner, Nadine - In: Journal of international money and finance 59 (2015), pp. 23-48

Persistent link: https://www.econbiz.de/10011478283

What Should Fiscal Councils Do?

Calmfors, Lars - 2011

The paper analyses theoretically what role fiscal councils could play and surveys empirically the activities of existing councils. Case studies of the Swedish Fiscal Policy Council and the UK Office for Budget Responsibility are done. It is concluded that fiscal councils should be advisory,...

Persistent link: https://www.econbiz.de/10013128042

The Impact of Fiscal Rules on Public Finances : Theory and Empirical Evidence for the Euro Area

Marneffe, Wim - 2011

This paper presents a review of the most significant fiscal rules policymakers can choose from. The insights from this review are then applied to the current budgetary situation of the European Union. In the European Union, the supranational Stability and Growth Pact (SGP) should provide the...

Persistent link: https://www.econbiz.de/10013131350

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