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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/10010260027
Fiscal sustainability tests have largely ignored the institutional setting of fiscal policy making. Fiscal equalization schemes in federal states are one such institution. We examine whether German state governments pursue sustainable fiscal policies taking into account fiscal equalization...
Persistent link: https://www.econbiz.de/10009630670
-2014 and examine how austerity is associated with economic growth. The results show that depending on how austerity is measured …
Persistent link: https://www.econbiz.de/10011997341
We examine how fiscal rules influence economic growth. The results show that constitutional fiscal rules promoted … growth from the Industrial Revolution until World War II (1789-1950) and also increased modern economic growth (1985 … rules also increased economic growth at the sub-national level. …
Persistent link: https://www.econbiz.de/10012219378
We investigate how protectionist policies influence economic growth. Our empirical strategy exploits an extraordinary … economic growth in Sweden can be compared. We do not find evidence suggesting that protectionist policies influenced economic … growth and examine channels why. Tariffs increased government revenue. However, the results do not suggest that the …
Persistent link: https://www.econbiz.de/10012387616