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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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Trust in government and fiscal adjustments : conference paper
Bursian, Dirk; Weichenrieder, Alfons J.; Zimmer, Jochen - 2014
The paper looks at the determinants of fiscal adjustments as reflected in the primary surplus of countries. Our conjecture is that governments will usually find it more attractive to pursue fiscal adjustments in a situation of relatively high growth, but based on a simple stylized model of...
Persistent link: https://www.econbiz.de/10010483952
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Contagion and spillovers : new insights from the crisis : a joint publication with the Austrian Society for Bank Research
Backé, Peter (ed.); Gnan, Ernest (ed.);  … - Contagion and Spillovers – New Insights from the …; … - 2010
On February 12, 2010, SUERF, the Oesterreichische Nationalbank and the Bankwissenschaftliche Gesellschaft continued their established tradition of jointly organised conferences. As evidenced also by the 115 conference participants, this year's subject of "Contagion and Spillovers – New...
Persistent link: https://www.econbiz.de/10011706561
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Currency wars, not public debt, may create a financial meltdown : conference paper
Pope, Robin; Selten, Reinhard - 2013
, Hitler, a world war, then a Korean war were all needed to make the fiscal stimulus mighty enough to restore US employment …
Persistent link: https://www.econbiz.de/10010340537
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Sovereign default risk premia and state-dependent twin deficits : conference paper
Hürtgen, Patrick; Rühmkorf, Ronald - 2013 - This version: August 7, 2013
This paper studies the impact of the state-dependent risk of a government default on the correlation of the scal balance and current account. We use a small open economy model where nonlinear risk premia arise endogenously when the government operates close to its scal limit, i.e. the maximum...
Persistent link: https://www.econbiz.de/10010341080
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Does short-time work save jobs? : a business cycle analysis ; conference paper
Balleer, Almut; Gehrke, Britta; Lechthaler, Wolfgang; … - 2013
unemployment and output fluctuations. The central question is whether short-time work saves jobs in recessions. In our baseline … scenario the rule based component of short-time work (i.e., due to the existence of the institution) stabilizes unemployment …-time work interventions (i.e., rule changes) do not have any statistically significant effect on unemployment. These effects are …
Persistent link: https://www.econbiz.de/10010344643
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Do public investments increase employment in a recession? : evidence from Germany ; conference paper
Buchheim, Lukas; Watzinger, Martin - 2013
exogenous cross-sectional variation to identify the casual effect of stimulus investment on the change in unemployment on the …
Persistent link: https://www.econbiz.de/10010341046
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Efficient bargaining in a dynamic macroeconomic model : conference paper
Böhm, Volker; Claas, Oliver - 2013
This paper analyzes the implications of bilateral bargaining over wages and employment between a producer and a union representing a finite number of identical workers in a monetary macroeconomic model of the AS AD type with government activity. Wages and aggregate employment levels are set...
Persistent link: https://www.econbiz.de/10010340560
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Economic policies since the global financial crisis
Arestis, Philip (ed.); Sawyer, Malcolm C. (ed.) - Economic Policies since the Global Financial Crisis …; … - 2017
This book investigates the changing nature of economic policies following the Global Financial Crisis of 2007-2009. Well-respected, international scholars come together to discuss the level of economic growth following the crisis, concerns over inequality in industrialised countries, and labour...
Persistent link: https://www.econbiz.de/10011669808
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Fiscal adjustments and the probability of sovereign default : conference paper
Schaltegger, Christoph A.; Weder, Martin - 2013
Based on probit estimates, this paper analyzes the effects of fiscal consolidation on the proba-bility of sovereign defaults in the short run. Using a panel of 104 developing countries from 1980 to 2009 and controlling for various economic, fiscal and political factors, we find that fiscal...
Persistent link: https://www.econbiz.de/10010338976