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To react or not? : fiscal policy, volatility and welfare in the EU-3

Malley, James R. (contributor); … - 2007

Persistent link: https://www.econbiz.de/10003495749

Tax smoothing in a business cycle model with capital-skill complementarity

Angelopoulos, Konstantinos; Asimakopoulos, Stylianos; … - 2014

public consumption as well as total factor and capital equipment productivity. Our main finding is that an empirically …

Persistent link: https://www.econbiz.de/10010340166

Effects of fiscal rules : 85 years' experience in Switzerland

Burret, Heiko T.; Feld, Lars P. - 2016

The paper investigates the fiscal effects of Swiss cantonal debt brakes by taking explicitly into account the rules' coverage. An in-depth analysis provides unique evidence that suggests the following: First, fiscal rules at the cantonal level have a negative effect on public deficits, which is...

Persistent link: https://www.econbiz.de/10011523766

Electoral uncertainty, fiscal policies & growth : theory and evidence from Germany, the UK and the US

Oikonomidēs, Geōrgios; Malley, James R.; … - 2003

between public consumption and production services. The main theoretical prediction is that forward-looking incumbents, with … productivity of public production services, the weight which households place on public consumption services relative to private … consumption and the time discount rate. Moreover, we find that changes in electoral uncertainty produce the longest lasting …

Persistent link: https://www.econbiz.de/10011511068

Fiscal multipliers in a two-sector search and matching model

Angelopulos, Kōnstantinos; Jiang, Wei; Malley, James R. - 2015

This paper evaluates the effects of policy interventions on sectoral labour markets and the aggregate economy in a business cycle model with search and matching frictions. We extend the canonical model by including capital-skill complementarity in production, labour markets with skilled and...

Persistent link: https://www.econbiz.de/10010477900

Vertical effects of fiscal rules : the Swiss experience

Burret, Heiko T.; Feld, Lars P. - 2014

Formal fiscal rules have been introduced in many countries throughout the world. While most studies focus on intra-jurisdictional effects of fiscal rules, vertical impacts on the finances of other levels of governments have yet to be explored thoroughly. The paper investigates the influence of...

Persistent link: https://www.econbiz.de/10010424734

(Un-)Sustinability of public finances in German Laender : a panel time series approach

Burret, Heiko T.; Feld, Lars P.; Köhler, Ekkehard A. - 2015

This paper provides evidence that most German states (Laender) have unsustainable public finances by exploiting a newly compiled database covering the years 1950‐2011. Although the Laender are closely intertwined we are the first to apply “second generation” panel techniques that control...

Persistent link: https://www.econbiz.de/10011404634

Fiscal sustainability of the German Laender : time series evidence

Burret, Heiko T.; Feld, Lars P.; Köhler, Ekkehard A. - 2015

We analyze the sustainability of public finances in the 16 states (Laender) of the Federal Republic of Germany using an unprecedentedly comprehensive fiscal dataset covering the period from 1950 to 2011 for West German Laender and from 1991 to 2011 for East German Laender. As we apply unit root...

Persistent link: https://www.econbiz.de/10011404648

Vertical effects of fiscal rules : the Swiss experience

Burret, Heiko T.; Feld, Lars P. - 2016

Formal fiscal rules have been introduced in many countries throughout the world. While most studies focus on the intra-jurisdictional effects of fiscal rules, vertical effects on the finances of other levels of government have yet to be explored thoroughly. This paper investigates the influence...

Persistent link: https://www.econbiz.de/10011410014

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