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Fiscal and current account imbalances : the cases of Germany and Portugal
Afonso, António; Coelho, José Carlos - 2021
and Germany. We find that the response of the current account balance to the budget balance is greater in Portugal than in … Germany. On the other hand, the response of the budget balance to the current balance is higher in Germany than in Portugal …. In Portugal and Germany, a fiscal rules index has a negative impact on the current account balance and the government …
Persistent link: https://www.econbiz.de/10014293956
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Fiscal consolidation and the current account : OECD evidence
Breuer, Christian; Nam, Chang-woon - 2020
We apply a "new" conventional (CAPB-based) measure of fiscal policy, which is less prone to endogeneity issues, and find that a 1-percent of GDP fiscal consolidation leads to the improvement of the current account-to-GDP ratio by approximately 0.8 percent of GDP, while previous research based on...
Persistent link: https://www.econbiz.de/10012157972
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Fiscal consolidation and the current account : OECD evidence
Breuer, Christian; Nam, Chang-woon - 2020
We apply a "new" conventional (CAPB-based) measure of fiscal policy, which is less prone to endogeneity issues, and find that a 1-percent of GDP fiscal consolidation leads to the improvement of the current account-to-GDP ratio by approximately 0.8 percent of GDP, while previous research based on...
Persistent link: https://www.econbiz.de/10012162382
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Twin deficits revisited : a role for fiscal institutions?
Afonso, António; Huart, Florence; Jalles, João Tovar; … - In: Journal of international money and finance 121 (2022), pp. 1-22
Persistent link: https://www.econbiz.de/10013433242
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Foreign and public deficits in Greece : in search of causality
Nikiforos, Michalis; Carvalho, Laura; Schoder, Christian - 2013
This paper analyzes the trajectories of the Greek public deficit and sovereign debt over the last three decades and their connection to the political and economic environment, paying special attention to the causality between the public and the foreign deficit. The authors argue that, from 1980...
Persistent link: https://www.econbiz.de/10009773471
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Will the German debt brake succeed? : survey evidence from state politicians ; conference paper
Heinemann, Friedrich; Janeba, Eckhard; Schröder, Christoph - 2013 - Work in progress
The present paper analyzes expectations of German politicians about the German debt brake (Schuldenbremse), which became part of the German constitution in 2009. This fiscal rule requires the federal government and the German states to run a (cyclically adjusted) budget deficit of no more than...
Persistent link: https://www.econbiz.de/10010336744
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Fiscal rules and compliance expectations : evidence for the German debt brake
Heinemann, Friedrich; Janeba, Eckhard; Schröder, Christoph - 2014
Fiscal rules have become popular to limit deficits and high debt burdens in industrialized countries. A growing literature examines their impact based on aggregate fiscal performance. So far, no evidence exists on how fiscal rules influence deficit expectations of fiscal policy makers. In the...
Persistent link: https://www.econbiz.de/10010357588
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Fiscal rules and compliance expectations : evidence for the German debt brake
Heinemann, Friedrich; Janeba, Eckhard; Schröder, Christoph - In: Journal of public economics 142 (2016), pp. 11-23
Persistent link: https://www.econbiz.de/10011654543
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Releasing the brake : Germany's national fiscal rule no longer ensures compliance with Eeuropean fiscal rules
Büttner, Thiess - In: The Economists' voice 19 (2022) 1, pp. 97-101
Persistent link: https://www.econbiz.de/10013384430
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Political stability, austerity measures, external imbalance, and debt impact on the Egyptian economy
Abdou, Doaa Mohamed Salman; Bassim, Mohga A. - In: Impacts of political instability on economics in the …, (pp. 74-102). 2019
Persistent link: https://www.econbiz.de/10012024652