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Währungsunion und deutsche Kapitalmarktzinsen

Heinemann, Friedrich - 1996

Persistent link: https://www.econbiz.de/10013428049

Währungsunion und deutsche Kapitalmarktzinsen

Heinemann, Friedrich - 1996

Since the negotiation of the Maastricht Treaty in December 1991 expectations on the new European currency could possibly influence European interest rates. The focus of this paper is both on the theoretical and empirical analysis of the link between European Monetary Union (EMU) and German...

Persistent link: https://www.econbiz.de/10011621678

Public deficits and borrowing costs : the missing half of market discipline

Heinemann, Friedrich; Winschel, Viktor - 2001

EMU driven interest rate convergence has led to a significant reduction of borrowing costs for some European governments in the second half of the nineties. The paper deals with the possible consequences for deficit behaviour. Although the impact of interest rates on deficits is a crucial...

Persistent link: https://www.econbiz.de/10013428400

Citizens' trade-offs in state merger decisions : evidence from a randomized survey experiment

Blesse, Sebastian; Heinemann, Friedrich - 2019

set-up. For this purpose, we designed a randomized survey experiment and inquired about preferences on state mergers on a …

Persistent link: https://www.econbiz.de/10012129397

The future of the European fiscal union : survey results from members of national parliaments in France, Italy and Germany

Blesse, Sebastian; Bordignon, Massimo; Boyer, Pierre C.; … - 2021

Using data from a unique survey of members of parliaments in France, Germany and Italy in 2018, we estimate the effects …

Persistent link: https://www.econbiz.de/10012596720

State-owned enterprises, fiscal transparency, and the circumvention of fiscal rules : the case of Germany

Heinemann, Friedrich; Nover, Justus - 2023

State-owned enterprises (SOEs) provide opportunities for a more flexible and market-based provision of public services. At the same time, they may impair fiscal transparency and offer politicians discretion in the presence of strict fiscal rules if these only constrain the core udget. Using a...

Persistent link: https://www.econbiz.de/10014471782

Incumbency and expectations of fiscal rule compliance : evidence from surveys of German policy makers

Heinemann, Friedrich; Janeba, Eckhard; Todtenhaupt, … - 2020

In this paper, we analyze politicians’ expectations about future compliance with a fiscal rule, and in particular the dependence of the expectations on their role in parliament (opposition vs. incumbent government coalition). In addition, we explore how opposition and incumbent politicians...

Persistent link: https://www.econbiz.de/10012304830

Die Psychologie irrationaler Wirtschaftspolitik am Beispiel des Reformstaus

Heinemann, Friedrich - 2000

Mainstream economists are reluctant to integrate features of bounded rationality into their behavioural assumptions. However, particularly in the field of economic policy the scope for irrational behaviour is given, since voters lack incentives for rational reasoning concerning their voting...

Persistent link: https://www.econbiz.de/10013428315

Die Theorie der optimalen Währungsräume und die politische Reformfähigkeit - ein vernachlässigtes Kriterium

Heinemann, Friedrich - 1998

conventional theory is inspired by a phenomenon that can be observed for example in Germany but also in other European countries …In this paper, a short survey is given on the contents and some problems of the theory of optimal currency areas. In … the nominal exchange rate. The conventional theory with the focus on private agents' behaviour - e.g. in the context of …

Persistent link: https://www.econbiz.de/10013428120

The EMU consolidation game - or: Does 3.0 really mean 3.0?

Heinemann, Friedrich - 1998

Within the economic profession, it is a widely held view that the fiscal criteria of the Maastricht treaty are arbitrary numbers without economic foundation. Much of this criticism seems to overlook an important aspect - the strategic dimension of the criteria. This paper focuses on one...

Persistent link: https://www.econbiz.de/10013428121