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Debt rule design in theory and practice : the SGP's debt benchmark revisited

Hauptmeier, Sebastian; Kamps, Christophe - 2020

better balance the objectives of macroeconomic stabilisation and debt sustainability: first, accounting for persistent …

Persistent link: https://www.econbiz.de/10012172233

Fiscal behaviour in the European Union : rules, fiscal decentralization and government indebtedness

Afonso, António; Hauptmeier, Sebastian - 2009

We assess the fiscal behaviour in the European Union countries for the period 1990-2005 via the responsiveness of budget balances to several determinants. The results show that the existence of effective fiscal rules, the degree of public spending decentralization, and the electoral cycle can...

Persistent link: https://www.econbiz.de/10003866536

Transatlantic monetary and fiscal policy interaction

Aarle, Bas van; Garretsen, Harry; Huart, Florence - 2003

This paper studies the design, effects and interactions of monetary and fiscal policies in the euro-area and between the euro-area and the non euro-area. To do so, a stylized three-country model of monetary and fiscal policy rules is constructed. It is analyzed how monetary and fiscal rules...

Persistent link: https://www.econbiz.de/10011509484

Macroeconomic stabilisation properties of a euro area unemployment insurance scheme

Kaufmann, Christoph; Attinasi, Maria Grazia; … - 2020

In this paper we use a medium-scale DSGE model to quantitatively assess the macroeconomic stabilisation properties of a …-back mechanisms implies a much weaker degree of stabilisation across countries. …

Persistent link: https://www.econbiz.de/10012241162

Transmission of government spending shocks in the Euro area : time variation and driving forces

Kirchner, Markus; Cimadomo, Jacopo; Hauptmeier, Sebastian - 2010

This paper provides new evidence on the effects of government spending shocks and the fiscal transmission mechanism in the euro area for the period 1980-2008. Our contribution is two-fold. First, we investigate changes in the macroeconomic impact of government spending shocks using time-varying...

Persistent link: https://www.econbiz.de/10011380027

The impact of numerical expenditure rules on budgetary discipline over the cycle

Holm-Hadulla, Fédéric; Hauptmeier, Sebastian; Rother, … - 2010

. - Expenditure rules ; fiscal discipline ; stabilisation ; spending bias …

Persistent link: https://www.econbiz.de/10003971314

Staying together or breaking apart : policy-makers endogenous coalitions formation in the European economic and monetary union

Aarle, Bas van; Di Bartolomeo, Giovanni; Engwerda, … - 2002

In this paper, we analyze coordination of macroeconomic stabilization policies within the EMU by focusing, in a dynamic …

Persistent link: https://www.econbiz.de/10011410410

Keynesian, non-Keynesian or no effects of fiscal policy changes? : the EMU case

Aarle, Bas van - 2001

period to the Economic andMonetary Union (EMU). Using several approaches suggested in the literatureon fiscal adjustments and … their macroeconomic effects and in the literatureon EMU, we analyze the effects of the fiscal adjustments during this … periodon private consumption. Thereby, we also take the specific context of thetransition towards EMU explicitly into …

Persistent link: https://www.econbiz.de/10011400376

Transmission of government spending shocks in the euro area : time variation and driving forces

Kirchner, Markus; Cimadomo, Jacopo; Hauptmeier, Sebastian - 2010

Persistent link: https://www.econbiz.de/10003986626

Monetary and fiscal policy integration and government debt stabilization

Aarle, Bas van; Bovenberg, Ary Lans; Raith, Matthias - 1995

Persistent link: https://www.econbiz.de/10000904778