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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

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

The political economy of EU enlargement and the Treaty of Nice

Heinemann, Friedrich - 2000

The paper applies standard public choice reasoning to the negotiations on EU enlargement and the Treaty of Nice. The … present EU countries are respected. Decisive actors in the West are the members of the European Parliament, individuals in … post-entry position of new members. The Intergovernmental Conference is reinterpreted as an opportunity of EU-15 actors to …

Persistent link: https://www.econbiz.de/10011444905

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

State-owned enterprises, fiscal transparency, and the circumvention of fiscal rules : the case of Germany

Heinemann, Friedrich; Nover, Justus - 2023

State-owned enterprises (SOEs) provide opportunities for a more flexible and market-based provision of public services. At the same time, they may impair fiscal transparency and offer politicians discretion in the presence of strict fiscal rules if these only constrain the core udget. Using a...

Persistent link: https://www.econbiz.de/10014471782

The future of the European fiscal union : survey results from members of national parliaments in France, Italy and Germany

Blesse, Sebastian; Bordignon, Massimo; Boyer, Pierre C.; … - 2021

of three dimensions on EU and euro area fiscal reform preferences: nationality, political ideology, and populism. We …

Persistent link: https://www.econbiz.de/10012596720

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