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Fiscal policy in the semi-structural model ECB-BASE
Bańkowski, Krzysztof - 2023
Fiscal policy constitutes a key tool for business cycle stabilisation next to monetary policy. In this context, having a well-suited macroeconomic model for analysing fiscal policy at a central bank is of primary importance. This paper documents the fiscal block of the ECB-BASE, which is a...
Persistent link: https://www.econbiz.de/10014278636
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Do fiscal rules reduce public investment? : evidence from European regions
Mühlenweg, Leonard; Gerling, Lena - 2023
set theory (POSET), using the EC's fiscal rules dataset, which allows us to analyze the stringency of fiscal rules for …
Persistent link: https://www.econbiz.de/10014314210
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Sovereign bond market reactions to fiscal rules and no-bailout clauses : the Swiss experience ; conference paper
Feld, Lars P.; Kalb, Alexander; Moessinger, Marc-Daniel; … - 2013 - This version: March 2013
We investigate the political determinants of risk premiums which sub-national governments in Switzerland have to pay for their sovereign bond emissions. For this purpose we make use of financial market data from 288 tradable cantonal bonds in the period from 1981 to 2007. Our main focus is on...
Persistent link: https://www.econbiz.de/10010340959
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Could the stability and growth pact be substituted by the financial markets
Výprachtická, Terezie - 2010
In the discussions of the need for fiscal rules and their usefulness in a monetary union researchers have not agreed on whether the financial markets have a sufficiently disciplining effect on the governments, which would mean that the fiscal rules are not necessary. This paper investigates...
Persistent link: https://www.econbiz.de/10008749211
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Analysis of Public Debt and Fiscal Sustainability at Sub National Level : Case of Haryana
Narayan, Laxmi - 2016
Sound Management of Public Finance at sub-national level is important for efficiency and effectiveness of government intervention programs. The state government presented ‘White Paper on Haryana State Finances' in an attempt to capture the trends of financial instabilities and weakness in...
Persistent link: https://www.econbiz.de/10012986394
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State-owned enterprises, fiscal transparency, and the circumvention of fiscal rules : the case of Germany
Heinemann, Friedrich; Nover, Justus - 2023
State-owned enterprises (SOEs) provide opportunities for a more flexible and market-based provision of public services. At the same time, they may impair fiscal transparency and offer politicians discretion in the presence of strict fiscal rules if these only constrain the core udget. Using a...
Persistent link: https://www.econbiz.de/10014471782
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Local Public Finance : An International Comparative Regulatory Perspective
Geissler, René. (ed.); Hammerschmid, Gerhard (ed.);  … - 2021 - 1st ed. 2021.
from Austria and Germany -- PART II. Bailouts and Insolvency -- Preventing Local Government Defaults: No-Bailout Policy and … its Alternatives -- Municipalities and Excessive Debt – Local Insolvency Regimes as an Alternative to Bailouts? -- Four … throughout provide a broad picture of local public finance regulation in theory and in practice, using different theoretical and …
Persistent link: https://www.econbiz.de/10012508360
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Local public finance : an international comparative regulatory perspective
Geißler, René (ed.); Hammerschmid, Gerhard (ed.);  … - 2021
throughout provide a broad picture of local public finance regulation in theory and in practice, using different theoretical and … as for scholars and for theory-driven research. …
Persistent link: https://www.econbiz.de/10012426346
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The Impact of Bank Concentration on Financial Distress : The Case of the European Banking System
Cipollini, Andrea - 2010
This paper examines the impact of bank concentrationon bank financial distress using a balanced panel of commercial banks in the EU‐25 over a sample period running from 2003 to 2007. Financial distress is proxied by the observations falling below a given threshold of the empirical distribution...
Persistent link: https://www.econbiz.de/10013146250
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Fiscal federalism in the European Union
Fossati, Amedeo (ed.); Panella, Giorgio (contributor) - 1999
To what extent should local and regional governments in the European Union be allowed to determine their own fiscal policies? This book explores the core issues of fiscal federalism in the European context. It combines theoretical and empirical analysis in addressing such questions as: what sort...
Persistent link: https://www.econbiz.de/10000671019