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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

EMU and fiscal discipline: the end of the depreciation threat

Heinemann, Friedrich - 1998

Are the characteristics of the exchange rate regime relevant for the degree of fiscal discipline? What are the conclusions for fiscal behavior in Europe after the transition to EMU? These are the central questions that are analyzed in this paper from a theoretical point of view. After a general...

Persistent link: https://www.econbiz.de/10013428171

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

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

Heinemann, Friedrich - 1998

In this paper, a short survey is given on the contents and some problems of the theory of optimal currency areas. In … conventional theory is inspired by a phenomenon that can be observed for example in Germany but also in other European countries … 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

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

Blesse, Sebastian; Heinemann, Friedrich - 2019

Voters dealing with jurisdictional merger decisions face a trade-off between economies of scale and preference costs. Larger jurisdictions may offer cost advantages, yet the downside is that policies in larger units may be less aligned to voter preferences. Our study is the first to provide...

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

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 Finanzen der Europäischen Gemeinschaft in einer "subsidiären" und "solidarischen" Währungsunion

Heinemann, Friedrich - 1992

Persistent link: https://www.econbiz.de/10000138863

Die Europäische Investitionsbank : subsidiärer Finanzintermediär oder Umverteilungsinstrument?

Heinemann, Friedrich - 1992

Persistent link: https://www.econbiz.de/10000138864

Exchange rate regimes and fiscal discipline in OECD countries

Heinemann, Friedrich - 1999

Since the start of EMU national fiscal policy in the Eurozone can be conducted almost without paying any attention to consequences for the exchange rate. This might lower fiscal discipline. In order to shed light on the empirical relevance of this consideration, the impact of the exchange rate...

Persistent link: https://www.econbiz.de/10000683878

Election cycles in European public procurement

Havlik, Annika; Heinemann, Friedrich; Nover, Justus - 2021

This paper studies the existence of election cycles in public procurement in the European Union for the national level. We analyze different steps along the procurement process, namely the publication of the contract notice, the awarding of the contract, and the project completion. We point out...

Persistent link: https://www.econbiz.de/10012649806