This paper uses quarterly data to explore the monetary and fiscal policy interactions in Nigeria between 1970 and 2008. As a preliminary exercise, the paper examines the nature of fiscal policies in Nigeria using a vector autoregression (VAR) model. The simulated generalized impulse response...

Die tiefe Rezession in der Finanzkrise, aber auch das mäßige Wachstum danach haben Forderungen laut werden lassen, die Konjunktur nicht nur durch eine expansive Geldpolitik, sondern auch durch aktive fiskalpolitische Maßnahmen anzuregen. Mitarbeiter und Vorsitzender des Sachverständigenrates...

What factors determine federal spending on environmental goods? Is severity of the hazard the only metric of consideration, or do other factors play a vital role in explaining spending? This paper seeks to answer this question and to identify disbursement patterns within the context of the...

This paper explores the properties of the notions of A-efficiency and P-efficiency, proposed by Golosov, Jones and Tertilt (Econometrica, 2007), to evaluate allocations in a general overlapping generations setting in which fertility choices are endogenously selected from a continuum and any two...

This paper examines how the governance context and financial institutions may relate to different aspects of a country’s financial system before and after a crisis. Using a fixed-effects regression model for panel data and a comparative perspective, we assess longitudinal trends in the...

When considering issues of measuring welfare beyond gross domestic product (GDP), a key ongoing, but unfinished, agenda concerns how to measure the outputs of goods and services which are "free at the point of delivery". Public services such as schools and health services are major examples of...

Über die Frage, ob bzw. in welcher Höhe Eltern Beiträge für die Bildung und Betreuung ihrer Kinder in Kindertageseinrichtungen zahlen sollen, wird immer wieder und auch aktuell im Bundestagswahlkampf 2017 diskutiert. In Deutschland unterscheidet sich die Praxis bei der Erhebung der...

The paper discusses the contemporary regional development of Bulgaria and regional financing by different national sources and European funds. The compliance with the EU requirements for attaining targeted results in specifically programmed priority areas is revealed as a driving force for...

This paper examines the effectiveness of active labour market policies (ALMPs) in improving labour market outcomes, especially of low-skilled individuals, by means of a pooled cross-country and time series database for 31 advanced countries during the period 1985–2010. The analysis includes...

We use NOMINATE (Nominal Three Step Estimation) (Poole and Rosenthal, 1983, 1997) to estimate ideal points for all Supreme Court Justices in Brazil from 2002 to 2012. Based on these estimated preferences we identify the nature of the two main dimensions along which disagreements tend to occur in...