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The German sub-national government bond market:evolution, yields and liquidity

Schulz, Alexander; Wolff, Guntram B. - Deutsche Bundesbank <Frankfurt, Main> / … - 2008

The paper presents a comprehensive data set of all bonds issued by the sixteenGerman states (Länder) since 1992. It thus provides a complete picture of acapital market comparable in size to funds raised in the German fixed incomemarket for corporations. The quantitative analysis reveals that...

Persistent link: https://www.econbiz.de/10005866188

What are the Effects of Fiscal Policy Shocks ?

Mountford, Andrew; Uhlig, Harald - Sonderforschungsbereich Ökonomisches Risiko <Berlin> - 2005

We propose and apply a new approach for analyzing the effects of fiscal policyusing vector autoregressions. Unlike most of the previous literature this approachdoes not require that the contemporaneous reaction of some variables to fiscalpolicy shocks be set to zero or need additional...

Persistent link: https://www.econbiz.de/10005861975

Fiscal sustainability andpolicy implications for the euro area

Balassone, Fabrizio; Cunha, Jorge; Langenus, Geert; … - Volkswirtschaftliches Forschungszentrum <Frankfurt, Main> - 2009

In this paper we examine the sustainability of euro area public finances against thebackdrop of population ageing. We critically assess the widely used projections of theWorking Group on Ageing Populations (AWG) of the EU's Economic PolicyCommittee and argue that ageing costs may be higher than...

Persistent link: https://www.econbiz.de/10005866241

Bilanzzweck der öffentlichen Verwaltungim Kontext zu HGB, ISAS und IPSAS

Stein, Bärbel - Hochschule für Angewandte Wissenschaften <Amberg - 2008

Die Innenministerkonferenz der Länder hat sich für eine grundlegende Reform desGemeindehaushaltsrechts ausgesprochen. Absicht der Reform ist die Abkehr von derverrichtungsorientierten Steuerung der Verwaltung, hin zu einer ergebnisorientiertenSteuerung. Das neue kommunale Haushalts- und...

Persistent link: https://www.econbiz.de/10005866099

Modell zur Ermittlung des Erhaltungsaufwandesvon Kunst- und Kulturgütern in kommunalenBilanzen

Held, Bärbel - Hochschule für Angewandte Wissenschaften <Amberg - 2009

Dieser Beitrag untersucht die Möglichkeiten der Bewertung von Kunst- undKulturgegenständen im neuen doppischen Finanzwesen der Kommunen im Kontextzum Zweck der Bilanzierung und schließt mit einem Modellvorschlag zur Ermittlungdes Erhaltungsaufwandes. Die ergebnisorientierte Steuerung und die...

Persistent link: https://www.econbiz.de/10005866121

Constitutions, Regulations, and Taxes: Contradictions of Different Aspects of Decentralization

Libman, Aleksandr M. - Frankfurt School of Finance & Management - 2010

The paper confronts different aspects of decentralization: fiscal decentralization, postconstitutionalregulatory … decentralization, and constitutional decentralization – using a singledataset from Russian Federation of the Yeltsin period as a … (though partly overlapping) forces. Hence, a specificaspect of decentralization is hardly able to serve as a proxy for another …

Persistent link: https://www.econbiz.de/10008733209

Creative Destruction and Fiscal Institutions:A Long-Run Case Study of Three Regions

Schnellenbach, Jan; Baskaran, Thushyanthan; Feld, Lars P. - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2009

We analyze the rise and decline of the steel and mining industries in the regionsof Saarland, Lorraine und Luxemburg over a long period, from the mid-19th century to 2003.Our main focus in on the period of structural decline in these industries after the secondworld war. Dierences in the...

Persistent link: https://www.econbiz.de/10005867729

Are your firm's taxes set in Warsaw?Spatial tax competition in Europe

Crabbé, Karen; Vandenbussche, Hylke - Center for Operations Research and Econometrics … - 2008

Tax competition within the EU is fiercer than in the rest of the OECD with tax rates fallingrapidly. This paper analyzes tax responses of EU-15 countries to corporate tax changes in theEU-10 new member states as a function of their proximity to these new member states. Theaverage corporate tax...

Persistent link: https://www.econbiz.de/10005868669

The Bologna Process : How student mobility affects multi-cultural skills and educational quality

Mechtenberg, Lydia; Strausz, Roland - Sonderforschungsbereich Ökonomisches Risiko <Berlin>

We analyze the two goals behind the European Bologna Process of increasing student mobility: enabling graduates to develop multi-cultural skills and increasing the quality of universities. We isolate three effects: 1) a competition effect that raises quality; 2) a free rider effect that lowers...

Persistent link: https://www.econbiz.de/10005854713