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Received wisdom and beyond: Lessons from fiscal consolidations in the EU
Larch, Martin; Turrini, Alessandro - Volkswirtschaftliche Fakultät, … - 2008
The paper examines consolidation episodes in the EU since 1970 with a view to shedding light on the factors that determine the success or failure of fiscal adjustment. Compared to the existing literature on successful fiscal consolidations we add a number of new dimensions. Three deserve...
Persistent link: https://www.econbiz.de/10008596430
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How to assist separatists in breaking up a country... or, rather, not: The role of decentralization and development assistance
Ehrke, Jürgen - Volkswirtschaftliche Fakultät, … - 2012
presented here seeks to answer two questions: “Is decentralization a suitable tool to appease separatist movements and prevent a … a secession threat can be used by a minority region to gain a higher level of decentralization than the larger part of … reduction or on the improvement of governance, especially where they are not accompanied by (additional) decentralization. – It …
Persistent link: https://www.econbiz.de/10011257965
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Fiscal consolidations and banking stability
Cimadomo, Jacopo; Hauptmeier, Sebastian; Zimmermann, Tom - Volkswirtschaftliche Fakultät, … - 2012
We empirically investigate the effects of fiscal policy on bank balance sheets, focusing on episodes of fiscal consolidation. To this aim, we employ a very rich data set of individual banks' balance sheets, combined with a newly compiled data set on fiscal consolidations. We find that standard...
Persistent link: https://www.econbiz.de/10011111734
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Vicious Circle of Insurgency and Underdevelopment in North East India
Bhattacharjee, PR; Nayak, Purusottam - Volkswirtschaftliche Fakultät, … - 2013
then analyzed. The origin and persistent existence of ethnic separatism in the form of insurgency is explained through the …
Persistent link: https://www.econbiz.de/10011113817
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Heterogeneity of taxation in EA Member countries and some implications for EA fiscal governance
Bernardi, L. - Volkswirtschaftliche Fakultät, … - 2012
Notwithstanding the repeated efforts of the European Authorities to harmonize and coordinate countries’ taxation, and in spite of the effects of international tax competition, in 2009 EA taxation was still far from being homogeneous among Member Countries. Given this situation, the purpose of...
Persistent link: https://www.econbiz.de/10011261125
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The impact of national fiscal rules on the stabilisation function of fiscal policy
Sacchi, Agnese; Salotti, Simone - Volkswirtschaftliche Fakultät, … - 2014
We study the relationship between discretionary fiscal policy and macroeconomic stability in 21 OECD countries over the 1985-2012 period. The novelties of our contribution lie in the use of annual panel data, whereas most of the existing evidence is cross-sectional, and more importantly in the...
Persistent link: https://www.econbiz.de/10011112993
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地方財政健全化指標における相互依存関係の実証分析
Hirota, Haruaki; Yunoue, Hideo - Volkswirtschaftliche Fakultät, … - 2015
The purpose of this paper is to evaluate an effect of new fiscal rules in the Japanese prefectural government. Especially, we focus on creative accounting [von Hagen and Wolff (2006)] in the Law Relating to the Financial Soundness of Local Governments (2007, Law No. 94). We estimated the effect...
Persistent link: https://www.econbiz.de/10011118554
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The Euro Area sovereign debt crisis: Some implications of its systemic dimension
Pessoa, Argentino - Volkswirtschaftliche Fakultät, … - 2011
After the beginning of the euro area, countries in its periphery engaged in weighty borrowing from foreign private investors, allowing domestic spending to outpace incomes. Now, these countries face debt crises reflecting a loss of creditor confidence in the sustainability of their finances from...
Persistent link: https://www.econbiz.de/10009370831
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Rules-based economic governance in the European Union: A reappraisal of national fiscal rules
Benczes, Istvan - Volkswirtschaftliche Fakultät, … - 2011
The economic and financial crisis of 2007/2009 has posed unexpected challenges on both the global and the regional level. Besides the US, the EU has been the most severely hit by the current economic crisis. The financial and banking crisis on the one hand and the sovereign debt crisis on the...
Persistent link: https://www.econbiz.de/10009368470
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Making The Stability Pact More Flexible: Can It Lead to Procyclical Fiscal Policies?
Mackiewicz, Michał - Volkswirtschaftliche Fakultät, … - 2005
One of the often discussed negative aspects of the Stability and Growth Pact is the rigidity of its deficit rule. Several reform proposals aim currently at alleviating the rule in order to allow the automatic stabilizers to operate freely. However, such a reform is likely to cause even further...
Persistent link: https://www.econbiz.de/10005026617