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Using real-time data to test for political budget cycles
Jong-A-Pin, Richard; Sturm, Jan-Egbert; de Haan, Jakob - 2012
We use real-time annual data on the fiscal balance, government current spending, current revenues and net capital outlays as published at a half yearly frequency in the OECD Economic Outlook for 25 OECD countries. For each fiscal year t we have a number of forecasts, a first release, and...
Persistent link: https://www.econbiz.de/10010319725
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Using Real-Time Data to Test for Political Budget Cycles
Jong-A-Pin, Richard - 2012
We use real-time annual data on the fiscal balance, government current spending, current revenues and net capital outlays as published at a half yearly frequency in the OECD Economic Outlook for 25 OECD countries. For each fiscal year t we have a number of forecasts, a first release, and...
Persistent link: https://www.econbiz.de/10013100426
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Despite or because? - Some lessons of German unification for EU enlargement
Busch, Ulrich; Müller, Christian - 2004
The former German chancellor Helmut Schmidt holds that despite the huge transfers from West to East Germany the East German economy does not take off as it was widely expected. We argue it is not despite these transfers but because of them. Building on the common features of the extension of the...
Persistent link: https://www.econbiz.de/10010285916
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Do expected downturns kill political budget cycles?
Bohn, Frank; Sturm, Jan-Egbert - 2020
The political budget cycle (PBC) literature argues that governments expand deficits in election years. However, what happens when an economic downturn is expected? Will the government allow the deficit to expand even further, or will it resort to spending cuts and tax increases? When voters...
Persistent link: https://www.econbiz.de/10012546036
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Do budgetary institutions mitigate the common pool problem? New empirical evidence for the EU
de Haan, Jakob; Jong-A-Pin, Richard; Mierau, Jochen O. - 2012
We analyze how budgetary institutions affect government budget deficits in member states of the European Union during 1984-2003 employing new indicators provided by Hallerberg et al. (2009). Using panel fixed effects models, we examine whether the impact of budgetary institutions on budget...
Persistent link: https://www.econbiz.de/10010319705
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Anmerkungen zur Schuldenbremse
Müller, Christian - 2003
Volk und Stände der Schweiz beschlossen 2001, den absoluten Schuldenstand des Staates im Konjunkturverlauf zu begrenzen. Damit hat die Eidgenossenschaft einen Weg eingeschlagen, der sich von dem der Mitglieder des europäischen Stabilitätspaktes unterscheidet. Diese halten eine positive...
Persistent link: https://www.econbiz.de/10010285899
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The impact of aid on growth revisited: Do donor motives matter?
Kilby, Christopher; Dreher, Axel - 2009
The typical identification strategy in aid effectiveness studies assumes donor motives do not influence the impact of aid on growth. We call this homogeneity assumption into question, first constructing a model in which donor motives matter and then testing the assumption empirically.
Persistent link: https://www.econbiz.de/10010285826
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The golden hello and political transitions
Aidt, Toke; Albornoz, Facundo; Gassebner, Martin - 2012
We analyze the influence of IMF and World Bank programs on political regime transitions. We develop an extended version of Acemoglu and Robinson's [American Economic Review 91, 2001] model of political transitions to show how the anticipation of new loans from international financial...
Persistent link: https://www.econbiz.de/10010319723
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Die konjunkturelle Ausrichtung der Schweizer Finanzpolitik im internationalen Vergleich: Ex-Ante- vs. Ex-Post-Betrachtung
Lampart, Daniel - 2005
- und Ausgabenpolitik zu machen, hat die Schweizer Finanzpolitik in der Vergangenheit die Konjunkturentwicklung immer wieder … verstärkt. In der vorliegenden Studie wird die konjunkturelle Ausrichtung der Schweizer Finanzpolitik im internationalen … Finanzpolitik ex post oder ex ante betrachtet wird, fällt die Schweiz durch eine prozyklische Ausrichtung auf. Politökonomische …
Persistent link: https://www.econbiz.de/10010285883
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Does terror threaten human rights? Evidence from panel data
Dreher, Axel; Gassebner, Martin; Siemers, Lars-H. R. - 2007
The paper presents a political economy model linking terror and governments' respect for human rights. Using panel data for 111 countries over the period 1973-2002, we then empirically analyze whether and to what extent terror affects human rights - measured by three indices covering a wide...
Persistent link: https://www.econbiz.de/10010285829