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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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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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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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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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Fiscal sustainability of the German Länder : time-series evidence
Burret, Heiko Tobias; Feld, Lars P.; Köhler, Ekkehard A. - In: FinanzArchiv : European journal of public finance 73 (2017) 1, pp. 103-132
Persistent link: https://www.econbiz.de/10015099941
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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
This paper examines the determinants of sub-national governments risk premia using secondary market data for U.S., Canada, Australia and Germany. It finds that, as for central governments, fiscal fundamentals matter in the pricing of risk premia, and sub-national governments with higher public...
Persistent link: https://www.econbiz.de/10011374734
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Sub-National Government's Risk Premia : Does Fiscal Performance Matter?
Sola, Sergio - 2015
This paper examines the determinants of sub-national governments risk premia using secondary market data for U.S., Canada, Australia and Germany. It finds that, as for central governments, fiscal fundamentals matter in the pricing of risk premia, and sub-national governments with higher public...
Persistent link: https://www.econbiz.de/10013020273
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Testing sustainability of German fiscal policy : evidence for the period 1960 - 2003
Greiner, Alfred; Köller, Uwe; Semmler, Willi - 2005
of the coefficient relevant for sustainability has been significantly positive over the time period considered. However …
Persistent link: https://www.econbiz.de/10002534799