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cointegration and the estimation of Vector Autoregression (VAR) and Vector Error Correction Models (VECM). While we cannot reject …
Persistent link: https://www.econbiz.de/10013085753
This paper provides new evidence on the sustainability of public finances in German states (Laender) by exploiting a newly compiled database covering the years 1950‐2011. Unlike previous studies on Germany, we analyze fiscal sustainability by applying “second generation” panel...
Persistent link: https://www.econbiz.de/10013047349
examining cantonal aggregated and disaggregated local data. A Difference‐in‐Differences estimation (two-way fixed effects …
Persistent link: https://www.econbiz.de/10013044552
In this paper we analyze the sustainability of public finances in the states (Laender) of the Federal Republic of Germany using an unprecedentedly comprehensive fiscal dataset for the time period from 1950 to 2011 for West German Laender and 1991 to 2011 for East German Laender, respectively. In...
Persistent link: https://www.econbiz.de/10013047345
, cantonal fiscal rules tend to mitigate political budget cycles and shock-related deficits …
Persistent link: https://www.econbiz.de/10012981294