Showing 1 - 10 of 27
This paper explores the role of political stability on fiscal policy choices in a time-series analysis over 158 years on the Swiss federal level. We argue that the fiscal-commons problem of public finances is affected by the time-horizon of a finance minister. Arguably, the incentives for an...
Persistent link: https://www.econbiz.de/10003854439
Persistent link: https://www.econbiz.de/10008697145
Persistent link: https://www.econbiz.de/10009748374
debt crisis has prompted a fundamental re-evaluation of public debt sustainability and the looming threat of sovereign debt …'s peacetime debt-to-GDP (Gross Domestic Product) ratio has never been higher. In this paper, we analyse the sustainability of … analysis, we conduct formal tests on fiscal sustainability, including tests on stationarity and cointegration and the …
Persistent link: https://www.econbiz.de/10009709423
rather privileged groups of the insured. These measures endanger the sustainability of the German pension system and will …
Persistent link: https://www.econbiz.de/10010407325
This paper provides evidence that most German states (Laender) have unsustainable public finances by exploiting a newly compiled database covering the years 1950‐2011. Although the Laender are closely intertwined we are the first to apply “second generation” panel techniques that control...
Persistent link: https://www.econbiz.de/10011404634
We analyze the sustainability of public finances in the 16 states (Laender) of the Federal Republic of Germany using an … evidence against strict fiscal sustainability in a majority of German Laender. A notable exception to this finding is Bavaria. …
Persistent link: https://www.econbiz.de/10011404648
This paper provides new evidence on the sustainability of public finances in German states (Laender) by exploiting a … newly compiled database covering the years 1950 - 2011. Unlike previous studies on Germany, we analyze fiscal sustainability …
Persistent link: https://www.econbiz.de/10010388585
In this paper we analyze the sustainability of public finances in the states (Laender) of the Federal Republic of … and 1991 to 2011 for East German Laender, respectively. In order to assess the fiscal sustainability of the (Laender) we … strict fiscal sustainability in most of the 16 German Laender. A notable exception to this finding is Bavaria. …
Persistent link: https://www.econbiz.de/10010388609
debt crisis has prompted a fundamental re‐evaluation of public debt sustainability and the looming threat of sovereign debt …'s peacetime debt‐to‐GDP (Gross Domestic Product) ratio has never been higher. In this paper, we analyse the sustainability of … anecdotal his‐torical analysis, we conduct formal tests on fiscal sustainability, including tests on stationarity and …
Persistent link: https://www.econbiz.de/10013085753