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Modeling fiscal sustainability in dynamic macro-panels with heterogeneous effects : evidence from German federal states
Feld, Lars P.; Köhler, Ekkehard A.; Wolfinger, Julia - 2018
In this paper, we extend Henning Bohn's (2008) fiscal sustainability test by allowing for slope heterogeneity and cross … sustainability criteria. According to our results, politicians have significantly reacted to increasing debt levels by increasing …
Persistent link: https://www.econbiz.de/10011822075
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Modeling fiscal sustainability in dynamic macro-panels with heterogeneous effects : evidence from German federal states
Feld, Lars P.; Köhler, Ekkehard A.; Wolfinger, Julia - 2018
In this paper, we extend Henning Bohn's (2008) fiscal sustainability test by allowing for slope heterogeneity and cross … sustainability criteria. According to our results, politicians have significantly reacted to increasing debt levels by increasing …
Persistent link: https://www.econbiz.de/10011811360
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Modeling fiscal sustainability in dynamic macro-panels with heterogenous effects : evidence from German federal states
Feld, Lars P.; Köhler, Ekkehard A.; Wolfinger, Julia - 2018
In this paper, we extend Henning Bohn's (2008) fiscal sustainability test by allowing for slope heterogeneity and cross … sustainability criteria. According to our results, politicians have significantly reacted to increasing debt levels by increasing …
Persistent link: https://www.econbiz.de/10011814265
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Fiscal sustainability of the German länder : time-series evidence
Burret, Heiko Tobias; Feld, Lars P.; Köhler, Ekkehard A. - In: FinanzArchiv : public finance analysis 73 (2017) 1, pp. 103-132
Persistent link: https://www.econbiz.de/10011908007
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Fiscal sustainability of the German Laender : time series evidence
Burret, Heiko T.; Feld, Lars P.; Köhler, Ekkehard A. - 2015
We analyze the sustainability of public finances in the 16 states (Laender) of the Federal Republic of Germany using an … evidence against strict fiscal sustainability in a majority of German Laender. A notable exception to this finding is Bavaria. …
Persistent link: https://www.econbiz.de/10011404648
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Fiscal sustainability of the German Laender : time series evidence
Burret, Heiko T.; Feld, Lars P.; Köhler, Ekkehard A. - 2014
In this paper we analyze the sustainability of public finances in the states (Laender) of the Federal Republic of … and 1991 to 2011 for East German Laender, respectively. In order to assess the fiscal sustainability of the (Laender) we … strict fiscal sustainability in most of the 16 German Laender. A notable exception to this finding is Bavaria. …
Persistent link: https://www.econbiz.de/10010388609
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Verschuldung und Konsolidierung
Corneo, Giacomo - 2009
In Folge der starken Rezession kommt es durch diskretionäre Maßnahmen der Bundesregierung und die Auswirkung der automatischen Stabilisatoren zu einem erheblichen Anstieg des Staatsdefizits. Im Ergebnis wird das Niveau der öffentlichen Verschuldung bei Rückkehr zur wirtschaftlichen...
Persistent link: https://www.econbiz.de/10003962777
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Sub-national government’s risk premia : does fiscal performance matter?
Sola, Sergio; Palomba, Geremia - 2015
Persistent link: https://www.econbiz.de/10011374734
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A wavelet analysis of US fiscal sustainability
Lo Cascio, Iolanda - In: Economic modelling 51 (2015), pp. 33-37
Persistent link: https://www.econbiz.de/10011475783
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Financial markets and public finance : sovereign risks, credit markets and fiscal federalism
Fasten, Erik R. - 2012 - 1. Aufl.
Abstract: Die Staatsschulden der Industriestaaten haben in den letzten Jahren besorgniserregende Höhen erreicht und nähren in Verbindung mit den Risiken des Finanzsektors die Sorge vor steigender finanzieller und ökonomischer Instabilität. Der Autor analysiert die Hauptinterdependenzen...
Persistent link: https://www.econbiz.de/10012015114