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Exchange rate regimes and fiscal discipline in OECD countries

Heinemann, Friedrich - 1999

not economic necessity have dictated the consolidation in the EU during the 90s. …

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

The political economy of euro area sovereign debt restructuring

Heinemann, Friedrich - 2021

The establishment of a sovereign debt restructuring mechanism (SDRM) is one of the important issues in the academic debate on a viable constitution for the European Monetary Union (EMU). Yet the topic seems to be taboo in official reform contributions to the debate. Against this backdrop, the...

Persistent link: https://www.econbiz.de/10012421950

Central Europe and European monetary integration : a strategy for catching up

Heinemann, Friedrich - 1994

element of a promising EU membership strategy. Besides that, the potential role of a stabilization fund is discussed that …

Persistent link: https://www.econbiz.de/10011621428

Sustainability of national debt in Europe : why it matters in the EMU and how it is assessed

Heinemann, Friedrich - 1992

There are at least two reasons why sustainability of public debt is an issue of increasing importance. First, public choice considerations show the danger of an excessive use of deficit finance in a democracy. Second, the conditions of a European Monetary Union (EMU) imply further incentives for...

Persistent link: https://www.econbiz.de/10011622826

Dispelling the shadow of fiscal dominance? : fiscal and monetary announcement effects for euro area sovereign spreads in the corona pandemic

Havlik, Annika; Heinemann, Friedrich; Helbig, Samuel; … - 2021 - This version: June 2021

We use event study regressions to compare the impact of EU monetary versus fiscal policy announcements on government … bond spreads of ten euro member countries. Our motivation is to evaluate which of the two players - the ECB or the EU … only for the announcement of the 'Next Generation EU' program. In contrast, a temporary relaxation of European fiscal rules …

Persistent link: https://www.econbiz.de/10012534642

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

of three dimensions on EU and euro area fiscal reform preferences: nationality, political ideology, and populism. We …

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

Sustainability of national debt in Europe : why it matters in the EMU and how it is assessed

Heinemann, Friedrich - 1992

Persistent link: https://www.econbiz.de/10013427874

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