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The paper investigates the fiscal effects of Swiss cantonal debt brakes by taking explicitly into account the rules' coverage. An in-depth analysis provides unique evidence that suggests the following: First, fiscal rules at the cantonal level have a negative effect on public deficits, which is...
Persistent link: https://www.econbiz.de/10011523766
thus also discussed as blueprint in the debates about fiscal rules in Germany, the European Union member states and Israel …
Persistent link: https://www.econbiz.de/10011878540
James Buchanan pioneered the political economics of public debt 60 years ago. In this paper, we contrast his thinking of the burden of debt, the public choice mechanisms that lead to excessive debt and the demand for constitutional restraints on public debt with its development, its...
Persistent link: https://www.econbiz.de/10011888483
The paper investigates the fiscal effects of Swiss cantonal debt brakes by taking explicitly into account the rules' coverage. An in-depth analysis provides unique evidence that suggests the following: First, fiscal rules at the cantonal level have a negative effect on public deficits, which is...
Persistent link: https://www.econbiz.de/10011555505
Persistent link: https://www.econbiz.de/10003718268
Persistent link: https://www.econbiz.de/10003897210
Persistent link: https://www.econbiz.de/10003877409
Persistent link: https://www.econbiz.de/10009488661
Persistent link: https://www.econbiz.de/10009748374
default. Due to a multitude of large scale events in its past, Germany is far from being an exception: In fact, Germany … Germany's public finances against the standard theoretical background using a unique database, retrieved from multiple sources … historical perception of Germany as the poster child of European public finance. Given these corresponding breaks in time series …
Persistent link: https://www.econbiz.de/10009709423