Showing 1 - 10 of 332
This paper reviews aspects of the constitution making process in Iceland after the financial collapse of 2008 …, emphasizing the differences between the provisional constitution of 1944 when Iceland separated unilaterally from Nazi …-occupied Denmark and Denmark's 1849 constitution which served, with notable exceptions, as the prototype for Iceland's 1944 …
Persistent link: https://www.econbiz.de/10012953950
-crash constitutional revision process launched in 2009. Also, the paper offers a brief account of some aspects of the constitution …
Persistent link: https://www.econbiz.de/10012984508
constitutional bill are impossible to establish, an analysis of the Icelandic constitution-writing efforts as ‘digital democracy …' reveals some important lessons. High-quality input into constitution-making processes through digital participation is …
Persistent link: https://www.econbiz.de/10012985413
's constitution. Using historical data dating back to the 19th century and applying a difference-in-difference approach we find that … instrumenting the probability of having budget rules on de jure constraints on changing the constitution. This and other tests …
Persistent link: https://www.econbiz.de/10012989524
influence, let alone contest, a national referendum on a new constitution because, if they didn‘t like the result, they would …-sourced constitution bill from 2009 to 2014, and also offers an explanation as to why the bill failed to be passed by Parliament …
Persistent link: https://www.econbiz.de/10013315565
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 foreign debts of the European countries are at the core of the current crises. Generally, the crises are attributed to government budget deficits in excess of the values stated in the Stability and Growth Pact (SGP)/Maastricht treaty. Proposals for reform generally involve increasing the...
Persistent link: https://www.econbiz.de/10013130015
Distance related variables typically vary in a cross-section dimension but less so in a time dimension across cities, regions, or countries. The enlargement of the EU or the introduction of the euro, however, can be looked upon as integration shocks that are informative of the consequences of...
Persistent link: https://www.econbiz.de/10013130414
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
An increasing number of central banks implement monetary policy via two standing facilities: a lending facility and a deposit facility. In this paper we show that it is socially optimal to implement a non-zero interest rate spread. We prove this result in a dynamic general equilibrium model...
Persistent link: https://www.econbiz.de/10013135781