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This study provides empirical evidence that the costs of austerity crucially depend on the level of private indebtedness. In particular, fiscal consolidations lead to severe contractions when implemented in high private debt states. Contrary, fiscal consolidations have no significant effect on...
Persistent link: https://www.econbiz.de/10011534338
This paper analyzes the effect of planned fiscal consolidation on GDP growth forecast errors from the years 2010–2013 using cross section analyses and fixed effects estimations. Our main findings are that fiscal multipliers have been underestimated in most instances for the year 2011 while we...
Persistent link: https://www.econbiz.de/10011336937
Germany, France, Spain and Italy arising from different policy options - among them a second Greek rescue package. Under …
Persistent link: https://www.econbiz.de/10009580303
This paper argues that using gold as collateral for highly distressed bonds would bring great benefits to the euro area in terms of reduced financing costs and bridge-financing. It is mindful of the legal issues that this will raise and that such a suggestion will be highly controversial....
Persistent link: https://www.econbiz.de/10009771146
The euro area is experiencing a severe and highly complex crisis. It comprises three problem areas, the difficulties of some highly indebted European sovereigns to ascertain funding at palatable cost, the disconcerting fragility of the European banking system and disappointing growth prospects...
Persistent link: https://www.econbiz.de/10009722409
to investment credits of self-governed cities in Germany and control for potential benefits such as an increased supply …
Persistent link: https://www.econbiz.de/10011444712
How reliable are public debt statistics? This paper quantifies the magnitude, characteristics, and timing of hidden debt by tracking ex post data revisions across a comprehensive new database of more than 50 vintages of World Bank debt statistics. In a sample of debt data covering 146 countries...
Persistent link: https://www.econbiz.de/10015117692
This study analyzes the exchange rate pass-through into German import prices based on disaggregated data taken on a monthly basis between 1995 and 2012. Our main contribution is twofold: firstly, we employ various time-series techniques to analyze data for different product categories, and also...
Persistent link: https://www.econbiz.de/10009771153
This paper aims to understand the health effects of energy poverty in Germany using SOEP panel data from 2010 to 2020 … negatively linked to our energy poverty metrics, while physical health is weakly associated with energy poverty in Germany, with …Dieses Papier untersucht die gesundheitlichen Auswirkungen von Energiearmut in Deutschland auf Basis von Paneldaten des …
Persistent link: https://www.econbiz.de/10015373004
Numerous measures have been taken in recent years to achieve climate protection targets in Germany’s building sector … in Germany, 65% of which are owner-occupied households with the remaining 35% renters. In addition to eliciting detailed … Deutschland zu erreichen. Mit dem neu eingerichteten Ariadne Wärme- und Wohnen-Panel wurde erstmals die Voraussetzung für eine …
Persistent link: https://www.econbiz.de/10015445115