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Schuknecht, Ludger - 2004

The paper analyses the EU fiscal rules from a political economy perspective and derives some policy lessons. Following a literature survey, the paper stresses the importance of appropriate incentives for rule compliance in an environment where national fiscal sovereignty precludes the option of...

Persistent link: https://www.econbiz.de/10009639482

Major public debt reductions

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 … determining major public debt reductions. On average, the total debt reduction per country amounted to almost 37 percentage points … of GDP. We estimate several specifications of a logistic probability model. Our findings suggest that, first, major debt …

Persistent link: https://www.econbiz.de/10009640299

Market power and fiscal policy in OECD countries

Afonso, António; Costa, Luís F. - 2010

We compute average mark-ups as a measure of market power throughout time and study their interaction with fiscal policy and macroeconomic variables in a VAR framework. From impulse-response functions the results, with annual data for a set of 14 OECD countries covering the period 1970-2007, show...

Persistent link: https://www.econbiz.de/10009640368

Is there a signalling role for public wages?

Pérez, Javier J.; Sánchez, A. Jesús - 2010

Do public sector wages exert pressures on private sector wages, or has the private sector a leadership role in wage setting? This paper tries to isolate the pure signalling effect that one sector might exert on the other by controlling for other determinants of wages (prices, productivity,...

Persistent link: https://www.econbiz.de/10009640411

A quarterly fiscal database for the euro area based on intra-annual fiscal information

Paredes, Joan; Pedregal, Diego J.; Pérez, Javier J. - 2009

The analysis of the macroeconomic impact of fiscal policies in the euro area has been traditionally limited by the absence of quarterly fiscal data. To overcome this problem, we provide two new databases in this paper. Firstly, we construct a quarterly database of euro area fiscal variables for...

Persistent link: https://www.econbiz.de/10009640447

Debt bias in corporate taxation and the costs of banking crises in the EU

Langedijk, Sven - 2014

Persistent link: https://www.econbiz.de/10010478771