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In this paper we study the link between elections, fiscal policy and economic growth/fluctuations. The set-up is a dynamic stochastic general equilibrium model of growth and endogenously chosen fiscal policy, in which two political parties can alternate in power. The party in office chooses...
Persistent link: https://www.econbiz.de/10013319655
Die Coronakrise verlangt gegenwärtig expansive Fiskalpolitik. Diese Strategie ist unbestritten. Deutschland verfügt … regionale Fiskalregeln. Deutschland muss nach Bewältigen der Coronakrise langfristig zu einer nachhaltigen Fiskalpolitik im … über die nötigen Spielräume für diese expansive Fiskalpolitik – nicht zuletzt deshalb, weil Fiskalregeln wie die deutsche …
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This paper investigates the causes of western Germany's remarkably poor performance since 1992. The paper challenges the view that the poor record of the nineties, particularly the marked deterioration in public finances since unification, might be largely attributable to unification. Instead,...
Persistent link: https://www.econbiz.de/10014131021
Vergleich höchsten Arbeitslosenquoten und das schwächste Wirtschaftswachstum aus. Die empirische Wachstumsforschung hat die … Bundesrepublik Deutschland einer systematischen Analyse unterzogen, inwiefern Wählerinteressen exakt umgesetzt und …
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Given the backdrop of pressing infrastructure needs, this paper argues that higher German public investment would not only stimulate domestic demand in the near term and reduce the current account surplus, but would also raise output over the longer-run as well as generate beneficial regional...
Persistent link: https://www.econbiz.de/10014411830
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