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Rotten Parents and Disciplined Children : A Politico-Economic Theory of Public Expenditure and Debt

Song, Zheng Michael; Storesletten, Kjetil; Zilibotti, … - 2007

This paper proposes a dynamic politico-economic theory of debt, government finance and expenditure. Agents have preferences over a private and a government-provided public good, financed through labor taxation. Subsequent generations of voters choose taxation, government expenditure and debt...

Persistent link: https://www.econbiz.de/10014049381

Rotten parents and disciplined children: A politico-economic theory of public expenditure and debt

Song, Zheng; Storesletten, Kjetil; Zilibotti, Fabrizio - 2008

This paper proposes a dynamic politico-economic theory of debt, government finance and expenditure. Agents have preferences over a private and government-provided public good, financed through labour taxation. Subsequent generations of voters choose taxation, government expenditure and debt...

Persistent link: https://www.econbiz.de/10010287737

What determines fiscal policy? Evidence from German states

Berger, Helge; Holler, Anika - 2007

This paper explores the factors behind the time path of real spending and revenue in the West German states from 1975 to 2004. The empirical approach stresses robustness and takes into account a large set of economic and political variables. Our results suggest that common economic factors and,...

Persistent link: https://www.econbiz.de/10010299142

How does corruption affect public debt? : an empirical analysis

Cooray, Arusha; Dzhumashev, Ratbek; Schneider, Friedrich - In: World development : the multi-disciplinary … 90 (2017), pp. 115-127

Persistent link: https://www.econbiz.de/10011750224

How does corruption affect public debt? : an empirical analysis

Cooray, Arusha; Schneider, Friedrich - 2013 - Revised version

This paper examines the relationship between corruption and public debt in 106 countries. Results suggest that … corruption leads to an increase in public debt. We also investigate if the effect of corruption on pblic debt is increased by … government expenditure, the shadow economy and military expenditure. We find that the effect of corruption on public debt is …

Persistent link: https://www.econbiz.de/10010208991

Fiscal discipline and the cost of public dept service: some estiames for OECD countries

Ardagna, Silvia; Caselli, Francesco; Lane, Timothy - 2004

We use a panel of 16 OECD countries over several decades to investigate the effects of government debts and deficits on long-term interest rates. In simple static specifications, a one-percentage-point increase in the primary deficit relative to GDP increases contemporaneous long-term interest...

Persistent link: https://www.econbiz.de/10011604457

Partisan fiscal policy : evidence from Central and Eastern Europe

Schneider, Ondřej - 2019

This paper examines effects of political ideology of a governing party on fiscal outcomes, using data from eight Central and Eastern European countries in the 2001-2017 period. The analysis shows that there is a statistically significant effect of conservative governments on fiscal variables,...

Persistent link: https://www.econbiz.de/10012133662

(Un-)Sustinability of public finances in German Laender : a panel time series approach

Burret, Heiko T.; Feld, Lars P.; Köhler, Ekkehard A. - 2015

This paper provides evidence that most German states (Laender) have unsustainable public finances by exploiting a newly compiled database covering the years 1950‐2011. Although the Laender are closely intertwined we are the first to apply “second generation” panel techniques that control...

Persistent link: https://www.econbiz.de/10011404634

Estimating simple fiscal policy reaction functions for the euro area countries

Plödt, Martin; Boeing-Reicher, Claire - 2014

We formulate and estimate a simple fiscal policy reaction function for the euro area and individual euro area countries. Our reaction function allows for primary surpluses to feature three components: an anti-cyclical response of primary surpluses to the output gap, a response to the debt-GDP...

Persistent link: https://www.econbiz.de/10010235448

Euro membership and fiscal reaction functions : conference paper

Weichenrieder, Alfons J.; Zimmer, Jochen - 2013

Using fiscal reaction functions for a panel of actual euro-area countries the paper investigates whether euro membership has reduced the responsiveness of countries to increases in the level of inherited debt compared to the period prior to succession to the euro. While we find some evidence for...

Persistent link: https://www.econbiz.de/10010336749

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