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Wurzel, Eckhard - In: CESifo Forum 06 (2005) 4, pp. 28-32

Persistent link: https://www.econbiz.de/10011695821

Thams, Andreas - 2007

This paper analyzes German and Spanish fiscal policy using simple policy rules. We choose Germany and Spain, as both … 1990s.We focus on the question, how fiscal policy behaves under rising public debt ratios. It is found that both Germany … and seems to be non-permanent in the case of Germany. …

Persistent link: https://www.econbiz.de/10010263682

Empirical Studies on Public Debt and Fiscal Transfers

Reischmann, Markus Josef - 2016

the budget balance. The results show that stock-flow adjustments increased before elections. In Germany, stock … outside the core budget. Chapter 6 describes special funds in Germany and elaborates upon the purposes for which special funds …

Persistent link: https://www.econbiz.de/10011698353

Fiscal consolidation strategy

Cogan, John F.; Taylor, John B.; Wieland, Volker; … - 2012

In the aftermath of the global financial crisis and great recession, many countries face substantial deficits and growing debts. In the United States, federal government outlays as a ratio to GDP rose substantially from about 19.5 percent before the crisis to over 24 percent after the crisis. In...

Persistent link: https://www.econbiz.de/10010311794

Major public debt reductions: Lessons from the past, lessons for the future

Nickel, Christiane; Rother, Philipp; Zimmermann, Lilli - 2010

The financial crisis of 2008/2009 has left European economies with a sizeable public debt stock bringing back the question what factors help to reduce these fiscal imbalances. Using data for the period 1985-2009 this paper identifies factors determining major public debt reductions. On average,...

Persistent link: https://www.econbiz.de/10011605287

Die Finanzierung der deutschen Einheit: zum Umgang mit der Schuldenlast der Wiedervereinigung

Zinsmeister, Florian - In: Vierteljahrshefte zur Wirtschaftsforschung 78 (2009) 2, pp. 146-160

Die Staatsverschuldung der Bundesrepublik Deutschland betrug Ende des Jahres 2008 1 518 Milliarden Euro. Ein großer …At the end of 2008, national debt in Germany reached 1.518 Billion Euros. A huge share of these liabilities has its … unity of Germany was mainly supposed to be installed through transfers. The mid 90's disillusion regarding growth potential …

Persistent link: https://www.econbiz.de/10010377882

Testing sustainability of German fiscal policy : evidence for the period 1960 - 2003

Greiner, Alfred; Koeller, Uwe; Semmler, Willi - 2005

In this paper we test whether German public debt has been sustainable by resorting to a test proposed by Bohn (1998). We apply non-parametric and semi-parametric regressions with time depending coefficients. This test shows that the mean of the coefficient relevant for sustainability has been...

Persistent link: https://www.econbiz.de/10010261129

Moral hazard and bail-out in fiscal federations: evidence for the German Länder

Heppke-Falk, Kirsten H.; Wolff, Guntram B. - 2007

We identify investor moral hazard in the German fiscal federation. Our identification strategy is based on a variable, which was used by the German Federal Constitutional Court as an indicator to determine eligibility of two German states (Länder) to a bail-out, the interest payments-to-revenue...

Persistent link: https://www.econbiz.de/10010295844

What determines fiscal policy? Evidence from German states

Berger, Helge; Holler, Anika - 2007

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

State finances in India: A case for systemic reform

Singh, Nirvikar - 2005

institutions of fiscal federalism system, borrowing mechanisms for the states, and governance are then discussed, with an emphasis …

Persistent link: https://www.econbiz.de/10010322719

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