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Exchange rate regimes and fiscal discipline in OECD countries

Heinemann, Friedrich - 1999

not economic necessity have dictated the consolidation in the EU during the 90s. …

Persistent link: https://www.econbiz.de/10000683878

Sovereign risk premia : the link between fiscal rules and stability culture

Heinemann, Friedrich; Osterloh, Steffen; Kalb, Alexander - 2013 - This version: March 2013

There is a growing empirical literature studying whether fiscal rules reduce borrowing costs. Nevertheless, it remains an open question whether these rules are effective genuinely or just because they mirror fiscal preferences of politicians and voters. In our analysis of European bond spreads,...

Persistent link: https://www.econbiz.de/10009721879

The EMU consolidation game - or: does 3.0 really mean 3.0?

Heinemann, Friedrich - 1998

Within the economic profession, it is a widely held view that the fiscal criteria of the Maastricht treaty are arbitrary numbers without economic foundation. Much of this criticism seems to overlook an important aspect - the strategic dimension of the criteria. This paper focuses on one...

Persistent link: https://www.econbiz.de/10011441024

EMU and fiscal discipline : the end of the depreciation threat

Heinemann, Friedrich - 1998

Are the characteristics of the exchange rate regime relevant for the degree of fiscal discipline? What are the conclusions for fiscal behavior in Europe after the transition to EMU? These are the central questions that are analyzed in this paper from a theoretical point of view. After a general...

Persistent link: https://www.econbiz.de/10011441669

Exchange rate regimes and fiscal discipline in OECD countries

Heinemann, Friedrich - 1999

not economic necessity have dictated the consolidation in the EU during the 90s. …

Persistent link: https://www.econbiz.de/10011442384

Do fiscal rules constrain fiscal policy? : a meta-regression-analysis

Heinemann, Friedrich; Moessinger, Marc-Daniel; Yeter, … - 2016

We implement a meta-regression-analysis for the budgetary impact of numerical fiscal rules. Based on 30 studies published in the last decade, we offer a consensus estimate with respect to the level of statistical significance, provide suggestive evidence for the effect size, and identify study...

Persistent link: https://www.econbiz.de/10011444762

To consolidate or not to consolidate? : a multi-step analysis to assess needed fiscal sustainability

Afonso, António; Alves, José; Jalles, João Tovar - 2022

We assess the specific need (or its absence) of a country to implement a fiscal consolidation programme by focusing specifically on their degree of success, notably in terms of fiscal sustainability. The "need" to consolidate is based on having a primary balance above or below the...

Persistent link: https://www.econbiz.de/10012938962

Election cycles in European public procurement

Havlik, Annika; Heinemann, Friedrich; Nover, Justus - 2021

This paper studies the existence of election cycles in public procurement in the European Union for the national level. We analyze different steps along the procurement process, namely the publication of the contract notice, the awarding of the contract, and the project completion. We point out...

Persistent link: https://www.econbiz.de/10012649806

The European Fiscal Board : an experiment at the supranational level

Asatryan, Zareh; Heinemann, Friedrich - In: Independent fiscal councils : watchdogs or lapdogs?, (pp. 165-173). 2018

Persistent link: https://www.econbiz.de/10011921369

Dispelling the shadow of fiscal dominance? : fiscal and monetary announcement effects for euro area sovereign spreads in the corona pandemic

Havlik, Annika; Heinemann, Friedrich; Helbig, Samuel; … - 2021 - This version: June 2021

We use event study regressions to compare the impact of EU monetary versus fiscal policy announcements on government … bond spreads of ten euro member countries. Our motivation is to evaluate which of the two players - the ECB or the EU … only for the announcement of the 'Next Generation EU' program. In contrast, a temporary relaxation of European fiscal rules …

Persistent link: https://www.econbiz.de/10012534642