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Fiscal sustainability duringthe COVID-19 pandemic
Hürtgen, Patrick - 2020
The "Great Lockdown" implemented in response to the COVID-19 pandemic has led to a severe world-wide economic crisis. In euro area countries, sovereign debt-to-GDP ratios are on the rise and reductions in expected fiscal surpluses raise sustainability concerns amongst investors. This paper...
Persistent link: https://www.econbiz.de/10012250617
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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
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Konsolidierung der Staatsfinanzen
Steiner, Viktor - 2010
verbunden sein wird, erscheint die Konsolidierung der Staatsfinanzen geboten. Der Konsolidierungsbedarf sollte nach der Krise …Die Konsolidierung der Staatsfinanzen nach der gegenwärtigen Finanz- und Wirtschaftskrise wird eines der zentralen … BIP. Aber auch bei einer erfolgreichen Konsolidierung würde die Staatsverschuldung in 2016 noch ca. 75% des BIP betragen …
Persistent link: https://www.econbiz.de/10003962932
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Provincial involvement in regulating the business cycle: justification, scope and terms
Fortin, Pierre - 1982
Persistent link: https://www.econbiz.de/10003528178
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Gauging the effects of the German COVID-19 fiscal stimulus package
Hinterlang, Natascha; Moyen, Stéphane; Röhe, Oke; … - 2021
We simulate the fiscal stimulus packages set up by the German government to allevi-ate the costs of the COVID-19 pandemic in a dynamic New Keynesian multi-sectorgeneral equilibrium model. We find that, cumulated over 2020-2022, output lossesrelative to steady state can be reduced by more than 4...
Persistent link: https://www.econbiz.de/10012671256
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Exchange rate depreciations and local business cycles : the role of bank loan supply
Beck, Thorsten; Bednarek, Peter; Kaat, Daniel Marcel te; … - 2021
This paper uses matched bank-firm-level data and the 2014 depreciation of the euro to show that exchange rate depreciations lead to increased bank loan supply of large banks with significant net foreign asset exposure. This increase in lending can be explained by a shift in credit towards both...
Persistent link: https://www.econbiz.de/10012792736
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Reparations, deficits, and debt default : the great depression in Germany
Ritschl, Albrecht - 2012
Persistent link: https://www.econbiz.de/10009746103
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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
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Who are the volunteers in the battle against budget deficits?
Prachowny, Martin F. J. - 1986
Persistent link: https://www.econbiz.de/10003532280
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Enforcement of fiscal rules : lessons from the fiscal compact
Larch, Martin; Busse, Matthias; Jankovics, László - 2021
In 2012, 22 EU countries signed the Fiscal Compact, an intergovernmental agreement aimed at backing EU fiscal rules with national arrangements. The main objective of the Compact was to strengthen compliance. Based on a survey of national independent fiscal institutions, we take a closer look at...
Persistent link: https://www.econbiz.de/10012671881