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We examine whether US and German state governments pursue sustainable fiscal policies taking into account fiscal transfers. Using panel data techniques we investigate whether the debt-to-GDP ratio had a positive influence on the primary surplus (Bohn-model). We show that including/excluding...
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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
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
We examine the sustainability of public finances and its determinants for 19 Eurozone countries from 1995 to 2020. We …-varying coefficients, we find that fiscal sustainability increases with growth, fiscal balances and fiscal rules indices, and decreases …
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In this paper, I demonstrate that an indicator which is commonly used to assess the long-term fiscal sustainability of … than the growth rate of GDP. I illustrate this finding based on simulations prepared for the Fifth Sustainability Report … sustainability, e.g., through demographic ageing. …
Persistent link: https://www.econbiz.de/10012421177