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Government Size, Composition, Volatility and Economic Growth

Afonso, António; Furceri, Davide - 2021

This paper analyses the effects in terms of size and volatility of government revenue and spending on growth in OECD and EU countries. The results of the paper suggest that both variables are detrimental to growth. In particular, looking more closely at the effect of each component of government...

Persistent link: https://www.econbiz.de/10013316642

The political economy of EU enlargement : lessons from Switzerland

De Melo, Jaime - 2002

Persistent link: https://www.econbiz.de/10013424032

Brexit, What Brexit? Euro Area Portfolio Exposures to the United Kingdom Since the Brexit Referendum

Carvalho, Daniel; Schmitz, Martin - 2022

We study euro area investors' portfolio adjustment since the Brexit referendum in terms of securities issued in the UK … since the Brexit referendum. The analysis also reveals an increase in the euro area's exposure to listed shares issued by UK … referendum, which appear to have largely outweighed the uncertainties associated with Brexit …

Persistent link: https://www.econbiz.de/10014239454

Risk, government and globalization : international survey evidence

Mayda, Anna Maria; O'Rourke, Kevin Hjortshøj; Sinnott, … - 2007

Persistent link: https://www.econbiz.de/10003493321

The dynamic behaviour of budget components and output

Afonso, António; Claeys, Peter - 2007

The main focus of this paper is the relation between the cyclical components of total revenues and expenditures and the budget balance in France, Germany, Portugal, and Spain. We try to uncover past trends behind the development of public finances that contribute to explaining the current stance...

Persistent link: https://www.econbiz.de/10011604821

Towards expenditure rules and fiscal sanity in the euro area

Hauptmeier, Sebastian; Sanchez Fuentes, Jesus; … - 2010

The study looks at primary expenditure developments in the euro area, its three largest members and four “macro-imbalances” countries for the period 1999-2009. It compares actual expenditure trends with those that would have prevailed if countries had followed neutral policies based on...

Persistent link: https://www.econbiz.de/10011605312

The marginal cost of public funds : hours of work versus labor force participation

Kleven, Henrik Jacobsen; Kreiner, Claus Thustrup - 2006

Persistent link: https://www.econbiz.de/10003322486

Keynesian government spending multipliers and spillovers in the euro area

Cwik, Tobias; Wieland, Volker - 2009

Persistent link: https://www.econbiz.de/10003879859

Governments' Payment Discipline : The Macroeconomic Impact of Public Payment Delays and Arrears

Checherita-Westphal, Cristina D. - 2015

This paper considers the impact of changes in governments' payment discipline on the private sector. We argue that increased delays in public payments can affect private sector liquidity and profits and hence ultimately economic growth. We test this prediction empirically for European Union...

Persistent link: https://www.econbiz.de/10013025488

Fiscal Sustainability and Policy Implications for the Euro Area

Balassone, Fabrizio - 2009

In this paper we examine the sustainability of euro area public finances against the backdrop of population ageing. We critically assess the widely used projections of the Working Group on Ageing Populations (AWG) of the EU's Economic Policy Committee and argue that ageing costs may be higher...

Persistent link: https://www.econbiz.de/10012765709