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Do absolute majorities spend less? : evidence from Germany
Freier, Ronny; Odendahl, Christian - 2012
The number of parties in government is usually considered to increase spending. We show that this is not necessarily the case. Using a new method to detect close election outcomes in multi-party systems, we isolate truly exogenous variation in the type of government. With data from...
Persistent link: https://www.econbiz.de/10009664450
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Local political budget cycles in a federation : evidence from West German cities
Furdas, Marina; Homolkova, Katerina; Kis-Katos, Krisztina - 2015
This paper analyzes the occurrence of political budget cycles in 604 West German cities between 1975 and 2007. Due to the idiosyncratic timing of state and local elections, the budgetary changes before elections at two tiers of the federalist government can be separately estimated and can also...
Persistent link: https://www.econbiz.de/10010472495
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Overlapping political budget cycles in the legislative and the executive
Foremny, Dirk; Freier, Ronny; Moessinger, Marc-Daniel; … - 2014
We advance the literature on political budget cycles by testing separately for cycles in expenditures for elections in the legislative and the executive. Using municipal data, we can separately identify these cycles and account for general year effects. For the executive branch, we show that it...
Persistent link: https://www.econbiz.de/10010438016
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Voters prefer more qualified mayors, but does it matter for public finances? : evidence for Germany
Freier, Ronny; Thomasius, Sebastian - 2012
This paper studies the importance of politician's qualification, in terms of education and experience, for fiscal outcomes. The analysis is based on a large panel for 2,031 German municipalities for which we have collected information on municipal budgets as well as the election results and...
Persistent link: https://www.econbiz.de/10009688757
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Rapid demographic change and the allocation of public education resources : evidence from East Germany
Kempkes, Gerhard - 2010
We analyse the adjustment of public education spending in response to rapidly decreasing student cohorts in East Germany where birth rates collapsed after German reunification. Previous results from the literature based on data from more stable demographic periods suggest that public resources...
Persistent link: https://www.econbiz.de/10008653396
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Moral hazard and bail-out in fiscal federations : evidence for the German Länder 7 Kirsten H. Heppke-Falk; Guntram B. Wolff
Heppke-Falk, Kirsten H. (contributor);  … - 2007
We identify investor moral hazard in the German fiscal federation. Our identification strategy is based on a variable, which was used by the German Federal Constitutional Court as an indicator to determine eligibility of two German states (Länder) to a bail-out, the interest payments-to-revenue...
Persistent link: https://www.econbiz.de/10003453453
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Distributional effects of the German tax reform 2000 : a behavioral microsimulation analysis
Haan, Peter; Steiner, Viktor - In: Schmollers Jahrbuch : journal of contextual economics 125 (2005) 1, pp. 39-49
Persistent link: https://www.econbiz.de/10002797726
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Distributional and fiscal effects of the German tax reform 2000 : a behavioral microsimulation analysis
Haan, Peter (contributor); Steiner, Viktor (contributor) - 2004 - [Elektronische Ressource]
Persistent link: https://www.econbiz.de/10002062078
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Rent indices for housing in West Germany 1985 to 1998
Hoffmann, Johannes; Kurz, Claudia - 2002
is some evidence of an understatement of rent inflation in the official rent index for West Germany at the beginning of …
Persistent link: https://www.econbiz.de/10011431145
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Time variation in the tail behaviour of Bund futures returns
Werner, Thomas; Upper, Christian - 2002
constant over time? (iii) If it is not, can we use the tail index as an indicator for financial market risk and does it add … significant heaviness of the tails of the Bund future returns. The tail index is on average around 3, implying the nonexistence of … Zeitablauf konstant? (iii) Kann ein Tail-Index Informationen uber den Grad von Marktunsicherheit liefern, die klassische …
Persistent link: https://www.econbiz.de/10011431786