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Do interest-growth differentials affect fiscal policy? : evidence for advanced economies
Heimberger, Philipp - 2023
fiscal stance when public-debt-to-GDP ratios are higher - but only in the euro area, not in advanced stand-alone countries …
Persistent link: https://www.econbiz.de/10014382638
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Fiscal policy and saving under distortionary taxation
Dahan, Momi; Hercowitz, Zvi - 1996
Persistent link: https://www.econbiz.de/10000643184
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Fiscal policy and saving under distortionary taxation
Dahan, Momi; Hercowitz, Zvi - 1996
Persistent link: https://www.econbiz.de/10000941933
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Österreichs Fiskalpolitik im europäischen Kontext : Handlungsspielräume bei niedrigen Zinsen und Wirtschaftsabschwung
Heimberger, Philipp - 2020
stimulus of up to EUR 3 billion (0.7% of GDP) for the year 2020, with at least as much room for manoeuvre currently expected … for 2021. Even if this potential for a more expansionary fiscal policy stance were to be fully exploited, the public debt-to-GDP …-ratio would continue to fall towards the 60% of GDP limit set by the EU’s fiscal rules. Fiscal stabilisation policies should be …
Persistent link: https://www.econbiz.de/10012166119
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The cyclical behaviour of government spending for social protection : is the OECD methodology robust?
Arsenev, Aleksandr; Heimberger, Philipp; Schütz, Bernhard - 2023
Spending elasticities measure the reaction of different government spending components to the business cycle. They are important inputs for fiscal forecasts, and they are particularly relevant in the context of European Union (EU) fiscal rules, as elasticity estimates enter the estimation of...
Persistent link: https://www.econbiz.de/10014445966
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The cyclical behaviour of fiscal policy during the Covid-19 crisis
Heimberger, Philipp - 2022
This paper analyses the cyclicality of fiscal policy (discretionary versus automatic) for 28 advanced economies over 1995-2021 by paying special attention to the Covid-19 crisis. We find evidence that discretionary fiscal policy during the Covid-19 crisis (2020-2021) was significantly more...
Persistent link: https://www.econbiz.de/10013373264