This policy brief reexamines the effects of the Greek austerity experiment on its economy via a counterfactual analysis. We combine the fiscal multipliers from the meta regression analysis in Gechert and Rannenberg (2014) to the fiscal consolidation measures that have been implemented in Greece...

Der Umfang finanzieller Ressourcen ist für den Handlungsspielraum politischer Akteure konstitutiv, was auch für Bern im 16. Jahrhundert gilt. Orientiert an modernen finanzwissenschaftlichen Vorgaben wird in dieser Arbeit Struktur und Umfang des Berner Staatshaus-haltes analysiert und zwar so,...

This paper surveys the empirical research on fiscal institutions of the last three decades. The main results are: (i) Constitutional or statutory fiscal limitations have in most cases proved to be effective in cutting down public expenditure, revenue, and debt. (ii) Budgetary proce-dures matter...

Whether fiscal policy is sustainable depends on a government's future revenue and expenditure streams, both of which are highly uncertain. In commodity-rich countries, this problem is intensified by unpredictable and volatile commodity prices. We show how spending rules for oil income and...