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weitere Reformen der Finanzverfassung. In der vorliegenden Arbeit wird eine stärker an der Wirtschaftskraft orientierte …The reform of fiscal federalism in Germany enacted in 2006 has focussed on separating the joint legislation process …
Persistent link: https://www.econbiz.de/10010297017
Persistent link: https://www.econbiz.de/10011467691
Die innerstaatliche Umsetzung des europäischen Stabilitäts- und Wachstumspaktes in der Finanzverfassung ist in … Deutschland geregelt worden. Der österreichische Stabilitätspakt wurde Ende 1998 verhandelt und trat am 15. Januar 1999 in Kraft …, während die innerstaatliche Umsetzung in Deutschland über drei Jahre später auf einer Sitzung des Finanzplanungsrates am 21 …
Persistent link: https://www.econbiz.de/10010377676
the smoothing power of automatic stabilisers for Germany and some other OECD countries. The results for Germany suggest …
Persistent link: https://www.econbiz.de/10010295648
We investigate the short-term effects of fiscal policy shocks on the German economy following the SVAR approach by Blanchard and Perotti (2002). We find that direct government expenditure shocks increase output and private consumption on impact with low statistical significance, while they...
Persistent link: https://www.econbiz.de/10010295830
In a New Keynesian DSGE model with non-Ricardian consumers, we show that automatic stabilization according to a countercyclical spending rule following the idea of the debt brake is well suited both to steer the economy and in terms of welfare. In particular, the adjustment account set up to...
Persistent link: https://www.econbiz.de/10010298840
This paper explores the factors behind the time path of real spending and revenue in the West German states from 1975 to 2004. The empirical approach stresses robustness and takes into account a large set of economic and political variables. Our results suggest that common economic factors and,...
Persistent link: https://www.econbiz.de/10010299142
Sims and Zha (1999, 2006), the empirical evidence for the U.S., the U.K., Germany, and Italy shows that it is important to … minor role in the asset markets of the U.S. and Germany; (ii) they substantially increase the variability of housing and …
Persistent link: https://www.econbiz.de/10011605036
, fiscal data; and (vii) analyze empirical evidence from the U.S., the U.K., Germany, and Italy. The results show that …
Persistent link: https://www.econbiz.de/10011605037
-à-vis Germany in selected euro area countries during the period end-July 2007 to end-March 2009, when the financial turmoil … debt ratios relative to Germany contributed to higher government bond yield spreads in the euro area during the analysed …
Persistent link: https://www.econbiz.de/10011605177