Similar Search Results

The design of national fiscal frameworks and their budgetary impact

Nerlich, Carolin; Reuter, Wolf Heinrich - 2013

This study analyses the link between fiscal frameworks and their budgetary impact. We look at different features of national numerical fiscal rules in combination with fiscal councils and medium-term budgeting frameworks. We construct our own time-varying dataset for national fiscal frameworks...

Persistent link: https://www.econbiz.de/10011605633

Fiscal rules, fiscal space and procyclical fiscal policy

Nerlich, Carolin; Reuter, Wolf Heinrich - 2015

In this paper we analyse the interaction of fiscal rules and fiscal space. We find strong evidence for fiscal rules being associated with higher fiscal space. Furthermore, the analysis shows that countries with more fiscal space tend to have higher discretionary expenditures, but that this...

Persistent link: https://www.econbiz.de/10011605917

The Design of National Fiscal Frameworks and Their Budgetary Impact

Nerlich, Carolin - 2013

This study analyses the link between fiscal frameworks and their budgetary impact. We look at di fferent features of national numerical fiscal rules in combination with fiscal councils and medium-term budgeting frameworks. We construct our own time-varying dataset for national fiscal frameworks...

Persistent link: https://www.econbiz.de/10013076444

Implicit tax co-ordination under repeated policy interactions

Catenaro, Marco; Vidal, Jean-Pierre - 2003

In the context of a stylised game theoretical framework of capital tax competition, we show that when repeated policy interactions are associated to a systematic punishment of the deviating policymaker, a co-ordinated outcome can be the solution to the non co-operative tax game. This result...

Persistent link: https://www.econbiz.de/10011604305

Central bank communication on fiscal policy

Allard, Julien; Catenaro, Marco; Vidal, Jean-Pierre; … - 2012

While the established literature on central bank communication has traditionally dealt with communication of monetary policy messages to financial markets and the wider public, central bank communication on fiscal policy has so far received little attention. This paper empirically reviews the...

Persistent link: https://www.econbiz.de/10011605522

Central Bank Communication on Fiscal Policy

Allard, Julien - 2012

Persistent link: https://www.econbiz.de/10013100569

Public pensions and growth

Lambrecht, Stéphane; Michel, Philippe; Vidal, Jean-Pierre - 2001

This paper investigates the relationship between the size of an unfunded public pension system and economic growth in … argument of parental utility. Unfunded public pensions can promote growth when families face liquidity constraints preventing … there is no case for unfunded public pensions in economies where bequests are operative. By contrast, there exists a growth …

Persistent link: https://www.econbiz.de/10011604136