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Sustainability of Swiss fiscal policy
Kirchgässner, Gebhard; Prohl, Silika - 2006
process related to World War II. We find sustainability over the entire period. However, splitting the sample into two sub …-samples before and after World War II, the results do much less support sustainability. Finally, applying the tax smoothing model of …
Persistent link: https://www.econbiz.de/10010261429
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Sustainability of Public Debt and Budget Deficit: Panel cointegration analysis for the European Union Member countries
Prohl, Silika; Schneider, Friedrich G. - 2006
In this study, we analyse the sustainability of fiscal policy of EU member countries within the panel cointegration and …
Persistent link: https://www.econbiz.de/10010294496
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The benefits of fiscal consolidation in uncharted waters
Rother, Philipp; Schuknecht, Ludger; Stark, Jürgen - 2010
This paper looks at fiscal sustainability and fiscal risks from a comprehensive, global perspective. It argues that the …
Persistent link: https://www.econbiz.de/10011606273
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Enfranchisement and budget deficits: A theoretical note
Krogstrup, Signe; Wälti, Sébastien - 2009
If women make different economic decisions than men on average, then an increase in women's influence in the political and economic spheres of society might change economic outcomes. In this note, we focus on the impact of female enfranchisement on fiscal policy outcomes. We present a simple...
Persistent link: https://www.econbiz.de/10010316805
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Finanzpolitik in Deutschland: Herausforderungen und Lösungswege
Boss, Alfred - 2009
In many countries, fiscal policy became strongly expansionary in order to fight the recession. Structural budget deficits increased sharply and might remain high after the end of the recession. This would raise real interest rates and would impair economic growth. Some measures to reduce the...
Persistent link: https://www.econbiz.de/10010265251
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European fiscal policies under the stability pact - some first insights
Lehment, Harmen - 2002
EU Member countries have shown different degrees of ambition to reach a budget position of ?close to balance or in surplus'. Differences in ambition can only partly be explained by the relative size of cyclical safety mar­gins or differences in the number of votes in the ECOFIN Council. It is...
Persistent link: https://www.econbiz.de/10010265539
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Fiscal Taylor rules in the postwar United States
Reicher, Christopher Phillip - 2009
Recent research and events have brought fiscal policy back into the spotlight. Fiscal Taylor rules and error correction models have represented two different ways of quantifying the feedbacks from fiscal and economic conditions to fiscal policy decisions. This paper synthesizes these two ideas,...
Persistent link: https://www.econbiz.de/10010276372
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Fiscal consolidation in the euro area: long-run benefits and short-run costs.
Coenen, Günter; Mohr, Matthias; Straub, Roland - 2008
In this paper, we examine the macroeconomic effects of alternative fiscal consolidation policies in the New Area-Wide Model (NAWM), a two-country open-economy model of the euro area developed at the European Central Bank (cf. Coenen et al., 2007). We model fiscal consolidation as a permanent...
Persistent link: https://www.econbiz.de/10011604948
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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
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How to restore sustainability of the Euro?
Alho, Kari E. O. - 2011
rules so that the sustainability of the euro area and the member countries is reached over time with respect to supply and … EMU and sustainability in the case, prevailing currently, where a high debt country should both restore its …. Strong fiscal consolidation and far-reaching successful structural reforms are needed to reach sustainability in the sense …
Persistent link: https://www.econbiz.de/10010326893