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3-Step analysis of public finances sustainability : the case of the European Union

Afonso, António (contributor); … - 2008

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/10003751092

Selling favors in the lab : experiments on campaign finance reform

Houser, Daniel (contributor); Stratmann, Thomas (contributor) - 2006

Persistent link: https://www.econbiz.de/10003364189

Women's voice on redistribution : from gender norms to taxation

Bozzano, Monica; Profeta, Paola; Puglisi, Riccardo; … - 2021

Gender norms, i.e. the role of men and women in the society, are a fundamental channel through which culture may influence preferences for redistribution and public policies. We consider both cross-country and individual level evidence on this mechanism. We find that in countries that are...

Persistent link: https://www.econbiz.de/10012494850

Climate change impacts on public finances around the world

Barrage, Lint - 2024

This article reviews a rapidly growing literature on how climatic risks and events affect public finances around the world. This literature includes empirical evaluations of how past climatic events have affected fiscal outcomes, empirical and model-based assessments of how climatic risks affect...

Persistent link: https://www.econbiz.de/10015098614

Sources of finance and growth

Marjit, Sugata; Pranab Kumar Das - 2024

The paper provides an analysis of the simultaneous existence of the formal and the informal sources of finance and …, viz. formal banking sector with lower interest rate with finance constraint and an informal credit market with a higher … the informal source of finance easily the growth rate could have been lower. The premium associated with the differential …

Persistent link: https://www.econbiz.de/10015098691

On the fiscal sustainability of Swiss cantons since 1905

Bury, Yannick; Feld, Lars P.; Köhler, Ekkehard A. - 2024 - This version: 31st October 2024

With an outstandingly long data set of Swiss cantonal public finances, we study whether this Swiss subnational level runs sustainable fiscal policies. Going back to the year 1905, we test for stationarity of cantonal public debt, revenue and spending and for cointegration between cantonal...

Persistent link: https://www.econbiz.de/10015098965

Fiscal-financial vulnerabilities

Schuknecht, Ludger - 2019

The paper analyses the linkages from financial developments to public finances. It maps and discusses the transmission channels to fiscal variables. These channels include asset prices, financing conditions, balance sheets of banks, non-banks and central banks and international linkages. The...

Persistent link: https://www.econbiz.de/10012050685

The Swedish fiscal policy council : watchdog with a broad remit

Calmfors, Lars - 2012

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/10009488889

The impact of changes in second pension pillars on public finances in central and Eastern Europe

Égert, Balázs - 2012

This paper studies the impact of recent changes in second pension pillars of three Central and Eastern European Countries. The paper seeks to answer the following questions: i) what is the impact on the sustainability of Poland's pension system of the decrease in the pension contribution going...

Persistent link: https://www.econbiz.de/10009533961

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