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The fiscal consequences of missing an inflation target
Andreolli, Michele; Rey, Hélène - 2023
Persistent link: https://www.econbiz.de/10013491536
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Disciplining ballots? : (un-intended) effects of voter engagement on the fiscal sustainability of Swiss cantons
Bury, Yannick; Feld, Lars P.; Köhler, Ekkehard A. - 2023
We test whether the proactive use of instruments of direct democracy by voters can help to explain fiscal sustainability of 25 Swiss cantons. Using data of all cantonal popular votes since 1977, our results show that the fiscal reaction of cantonal governments to an increase in the debt to GDP...
Persistent link: https://www.econbiz.de/10014427600
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Role of finance in Dixit-Stiglitz-Krugman model of international trade
Marjit, Sugata; Dutta, Meghna; Roy, Moushakhi - 2022
This paper introduces finance or credit in the Dixit-Stiglitz-Krugman (DSK) model of international trade. It identifies … mechanisms by which finance can affect the main results of the conventional model. The key results are as follows. Perfect credit … output per variety. Thus, availability of finance will determine a specific trade pattern between richer and poorer nations …
Persistent link: https://www.econbiz.de/10013262745
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Proprietary public finance : on its emergence and evolution out of anarchy
Skaperdas, Stergios - 2011
finance, however, is comparatively scarce. I argue that proprietary rule emerges out of anarchy and its main alternative …
Persistent link: https://www.econbiz.de/10009153844
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What should fiscal councils do?
Calmfors, Lars; Wren-Lewis, Simon - 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/10009011182
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Fiscal transfers and fiscal sustainability
Potrafke, Niklas; Reischmann, Markus Josef - 2014
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
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Fiscal autonomy and fiscal sustainability : subnational taxation and public indebtedness in contemporary Spain
Larin, Benjamin; Süssmuth, Bernd - 2014
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/10010337588
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Just how good are the top three journals in finance? : an assessment based on quantity and quality citations
Chang, Chia-ling; McAleer, Michael - 2014
The paper is concerned with ranking academic journal quality and research impact in Finance, based on the widely … journals in the ISI category of "Business - Finance" using quantifiable Research Assessment Measures (RAMs). The analysis … the 89 ISI journals in Finance makes it clear that there are three leading journals in Finance, namely Journal of Finance …
Persistent link: https://www.econbiz.de/10010357909
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Social planning and economic coercion
Hintermann, Beat; Rutherford, Thomas F. - 2014
We develop a theory of social planning with a concern for economic coercion, which we define as the difference between consumers' actual utility, and the "counterfactual" utility they expect to obtain if they were able to set policy themselves. Reasons to limit economic coercion include...
Persistent link: https://www.econbiz.de/10010426057
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Panel cointegration tests on the fiscal sustainability of German Laender
Burret, Heiko T.; Feld, Lars P.; Köhler, Ekkehard A. - 2014
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 "gsecond generation" panel cointegration...
Persistent link: https://www.econbiz.de/10010388585