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This is the first study that analyzes whether budget balance expectations are anchored and whether budget balance rules effectively anchor expectations. To this end, we use a unique data set which covers budget balance expectations in 17 countries that implemented a budget balance rules. While...
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Dieser Artikel hinterfragt den Fokus auf Haushaltsdefizite, der die wissenschaftliche Beschäftigung mit Fiskalpolitik … Artikel vergleicht die Fiskalpolitik beider Ländergruppen aus einer historisch-institutionalistischen Perspektive. Er … anschließenden ausgabenseitigen Haushaltskonsolidierung ausgelöst. Diese führten zu einem neuen fiskalpolitischen "Überschussregime …
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We implement a meta-regression-analysis for the budgetary impact of numerical fiscal rules. Based on 30 studies published in the last decade, we offer a consensus estimate with respect to the level of statistical significance, provide suggestive evidence for the effect size, and identify study...
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The paper investigates the fiscal effects of Swiss cantonal debt brakes by taking explicitly into account the rules' coverage. An in-depth analysis provides unique evidence that suggests the following: First, fiscal rules at the cantonal level have a negative effect on public deficits, which is...
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