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Fiscal sustainability using growth-maximising debt targets

Checherita-Westphal, Cristina; Hughes Hallett, Andrew; … - 2012

Persistent link: https://www.econbiz.de/10009765968

What is a sustainable public debt?

D'Erasmo, Pablo N.; Mendoza, Enrique G.; Zhang, Jing - 2015

Persistent link: https://www.econbiz.de/10011372615

Fiscal policy and monetary union : is there a tradeoff between federalism and budgetary restrictions?

Eichengreen, Barry; Hagen, Jürgen von - 1996

Persistent link: https://www.econbiz.de/10000584802

Electoral institutions, cabinet negotiations, and budget deficits in the European Union

Hallerberg, Mark; Hagen, Jürgen von - 1997

Persistent link: https://www.econbiz.de/10000652257

The design of fiscal rules and forms of governance in European Union countries

Hallerberg, Mark; Strauch, Rolf; Hagen, Jürgen von - In: Policy instruments for sound fiscal policies : fiscal …, (pp. 127-148). 2009

Persistent link: https://www.econbiz.de/10003962055

Major public debt reductions : lessons from the past, lessons for the future

Nickel, Christiane; Rother, Philipp C.; Zimmermann, Lilli - 2010

The financial crisis of 2008/2009 has left European economies with a sizeable public debt stock bringing back the question what factors help to reduce these fiscal imbalances. Using data for the period 1985-2009 this paper identifies factors determining major public debt reductions. On average,...

Persistent link: https://www.econbiz.de/10008657119

The impact of high and growing government debt on economic growth : an empirical investigation for the euro area

Checherita-Westphal, Cristina; Rother, Philipp C. - 2010

This paper investigates the average impact of government debt on per-capita GDP growth in twelve euro area countries over a period of about 40 years starting in 1970. It finds a non-linear impact of debt on growth with a turning point—beyond which the government debt-to-GDP ratio has a...

Persistent link: https://www.econbiz.de/10008657130

Debt and growth : new evidence for the euro area

Baum, Anja; Checherita-Westphal, Cristina; Rother, … - 2012

Persistent link: https://www.econbiz.de/10009765167

Fiscal rules and fiscal performance in the EU and Japan

Hagen, Jürgen von - 2006

such rules in Japan and in the EU. Comparing the performance of fiscal policy in the 1980s and 1990s until 2003, we find … rule of the Maastricht Treaty had a significant impact on political budget cycles in the EU, but did little to constrain … fiscal rule in the EU has vanished. Next, we discuss the importance of budgetary institutions for the effectiveness of fiscal …

Persistent link: https://www.econbiz.de/10010374865

Sovereign risk premiums in the European Government bond market

Bernoth, Kerstin; Hagen, Jürgen von; Schuknecht, Ludger - 2006

This paper provides a study of bond yield differentials among EU government bonds issued between 1993 and 2005 on the … by EU countries and Germany or the USA contain risk premiums which increase with fiscal imbalances and depend negatively …

Persistent link: https://www.econbiz.de/10010365887