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Balanced budget rules and fiscal outcomes : evidence from historical constitutions

Asatryan, Zareh; Castellon, Cesar; Stratmann, Thomas - 2016

This paper studies the long-run fiscal consequences of balanced budget rules (BBR) that are enshrined in a country's constitution. Using historical data dating back to the 19th century and applying a difference-in-difference approach we find that the introduction of a constitutional-BBR reduces...

Persistent link: https://www.econbiz.de/10011454137

Balanced budget rules and fiscal outcomes : evidence from historical constitutions

Asatryan, Zareh; Castellón, César; Stratmann, Thomas - 2016

Persistent link: https://www.econbiz.de/10011474674

On Fiscal Illusion and Ricardian Equivalence in Local Public Finance

Banzhaf, H. Spencer - 2012

We re-evaluate two forms of fiscal illusion in local public finance: debt illusion and renter illusion. The Ricardian … Equivalence Theorem for local governments suggests the form of finance of a public program (tax or debt finance) has no effects on … hundreds of open space referenda in the U.S. using a variety of finance mechanisms, we find evidence that households do prefer …

Persistent link: https://www.econbiz.de/10013106324

On Fiscal Illusion and Ricardian Equivalence in Local Public Finance

Banzhaf, H. Spencer - 2012

Persistent link: https://www.econbiz.de/10013107014

Fiscal Crises

Gerling, Kerstin - 2017

A key objective of fiscal policy is to maintain the sustainability of public finances and avoid crises. Remarkably, there is very limited analysis on fiscal crises. This paper presents a new database of fiscal crises covering different country groups, including low-income developing countries...

Persistent link: https://www.econbiz.de/10012956473

On fiscal illusion and Ricardian equivalence in local public finance

Banzhaf, H. Spencer; Oates, Wallace E. - 2012

Persistent link: https://www.econbiz.de/10009539833

Balanced budget rules and fiscal outcomes : evidence from historical constitutions

Asatryan, Zareh; Castellon, Cesar; Stratmann, Thomas - 2016 - This version: September 19, 2016

Persistent link: https://www.econbiz.de/10011576968

Fiscal crises

Medas, Paulo; Poghosyan, Tigran; Xu, Yizhi; … - In: Journal of international money and finance 88 (2018), pp. 191-207

Persistent link: https://www.econbiz.de/10012000887

Balanced budget rules and fiscal outcomes : evidence from historical constitutions

Asatryan, Zareh; Castellón, César; Stratmann, Thomas - In: Journal of public economics 167 (2018), pp. 105-119

Persistent link: https://www.econbiz.de/10012035960

Predicting fiscal crises

Cerovic, Svetlana; Gerling, Kerstin; Hodge, Andrew; … - 2018

This paper identifies leading indicators of fiscal crises based on a large sample of countries at different stages of development over 1970-2015. Our results are robust to different methodologies and sample periods. Previous literature on early warning sistems (EWS) for fiscal crises is scarce...

Persistent link: https://www.econbiz.de/10011905898