In this paper we analyze the sustainability of public finances in the states (Laender) of the Federal Republic of … Germany using an unprecedentedly comprehensive fiscal dataset for the time period from 1950 to 2011 for West German Laender … and 1991 to 2011 for East German Laender, respectively. In order to assess the fiscal sustainability of the (Laender) we …

newly compiled database covering the years 1950 - 2011. Unlike previous studies on Germany, we analyze fiscal sustainability …This paper provides new evidence on the sustainability of public finances in German states (Laender) by exploiting a … by applying "gsecond generation" panel cointegration techniques. A unique identification strategy for the selection of …

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 …

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 …

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 …

and for cointegration between cantonal revenues and expenditures. Based on time series properties, we estimate individual …

cointegration and the estimation of Vector Autoregression (VAR) and Vector Error Correction Models (VECM). While we cannot reject … debt crisis has prompted a fundamental re‐evaluation of public debt sustainability and the looming threat of sovereign debt … default. Due to a multitude of large scale events in its past, Germany is far from being an exception: In fact, Germany …

analysis, we conduct formal tests on fiscal sustainability, including tests on stationarity and cointegration and the … fiscal sustainability for the period from 1950 to 2010. This evidence leads to the conclusion that Germany's public debt is … debt crisis has prompted a fundamental re-evaluation of public debt sustainability and the looming threat of sovereign debt …