In this paper, we extend Henning Bohn's (2008) fiscal sustainability test by allowing for slope heterogeneity and cross … sustainability criteria. According to our results, politicians have significantly reacted to increasing debt levels by increasing …

Fiscal sustainability tests have largely ignored the institutional setting of fiscal policy making. Fiscal equalization … policies taking into account fiscal equalization transfers. Using panel data techniques we assess fiscal sustainability by … unsustainable. -- fiscal sustainability ; institutions ; fiscal equalization schemes ; panel data …

fiscal sustainability for the period from 1950 to 2010. This evidence leads to the conclusion that Germany's public debt is … debt crisis has prompted a fundamental re-evaluation of public debt sustainability and the looming threat of sovereign debt … default. Due to a multitude of large scale events in its past, Germany is far from being an exception: In fact, Germany …

newly compiled database covering the years 1950 - 2011. Unlike previous studies on Germany, we analyze fiscal sustainability …This paper provides new evidence on the sustainability of public finances in German states (Laender) by exploiting a …

In this paper we analyze the sustainability of public finances in the states (Laender) of the Federal Republic of … Germany using an unprecedentedly comprehensive fiscal dataset for the time period from 1950 to 2011 for West German Laender … and 1991 to 2011 for East German Laender, respectively. In order to assess the fiscal sustainability of the (Laender) we …

in Berlin, Germany, to increase housing and living quality in the aftermath of the city’s division during the Cold War …

Germany. In line with previous studies, the estimated employment effect is only modestly negative and statistically …

competition. In this paper we provide the first empirical analysis of this relationship. We study Germany’s retail gasoline market …