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In European Parliament elections turnout rates, traditionally lower than in national parliamentary elections, decrease from one elections to the next, and show strong variations within and between countries. What explains this decline? Why are there such big differences between and within the EU...
Persistent link: https://www.econbiz.de/10012988888
interested in: Does the partisan identity of the mayor influence the voter's decision in the subsequent town council election … the mayor on the result of the last council election? We rely on a regression discontinuity design focusing on close … election outcomes based on municipal level data for Germany. We find that the party of the mayor can receive a bonus of 4 …
Persistent link: https://www.econbiz.de/10013112896
Fiscal restraints have been argued to force today's governments to internalize the externalities that result from extensive borrowing on future electorates and governments as well as on other countries by causing fiscal instability. In this article we provide an alternative argument for fiscal...
Persistent link: https://www.econbiz.de/10013110412
. Our results indicate that the fall in revenue in election periods is attributed to a fall in direct taxation. The …
Persistent link: https://www.econbiz.de/10013148789
We use a 3-step analysis to assess the sustainability of public finances in the EU27. Firstly, we perform the SURADF specific panel unit root test to investigate the mean-reverting behaviour of general government expenditures and revenues ratios. Secondly, we apply the bootstrap panel...
Persistent link: https://www.econbiz.de/10012770443
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 Swedish Fiscal Policy Council (FPC) set up in 2007 is one example of the recent international trend to create independent fiscal watchdogs. The FPC has established itself as an important participant in the Swedish economic policy discussion. The FPC has small resources and a broad remit...
Persistent link: https://www.econbiz.de/10013111364
We examine whether US and German state governments pursue sustainable fiscal policies taking into account fiscal transfers. Using panel data techniques we investigate whether the debt-to-GDP ratio had a positive influence on the primary surplus (Bohn-model). We show that including/excluding...
Persistent link: https://www.econbiz.de/10013055378
This study assesses fiscal sustainability in contemporary Spain at the regional level. Spain consists of 17 autonomous regions, two fiscal regimes differing in taxing autonomy, and two path-dependent types of communities with more and less legislatively recognized autonomy. Three of the 17...
Persistent link: https://www.econbiz.de/10013315619
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