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Factor Mobility, Government Debt and the Decline in Public Investment
Heinemann, Friedrich - 2002
like the EU deficit limits. The econometric results indicate that the decline is largely due to two developments: First to … privatisation process nor EU deficit restrictions of the Maastricht Treaty can explain the decline. …
Persistent link: https://www.econbiz.de/10010298102
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Reconciling insurance with market discipline : a blueprint for a European fiscal union
Dolls, Mathias; Fuest, Clemens; Heinemann, Friedrich; … - 2016
This contribution develops a blueprint for a European fiscal union. We argue that a viable European fiscal union can be constructed without joint liability for public debt or a centralized government with a large common budget. Such a fiscal union should combine elements of market discipline...
Persistent link: https://www.econbiz.de/10011431564
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The EMU consolidation game - or: does 3.0 really mean 3.0?
Heinemann, Friedrich - 1998
Within the economic profession, it is a widely held view that the fiscal criteria of the Maastricht treaty are arbitrary numbers without economic foundation. Much of this criticism seems to overlook an important aspect - the strategic dimension of the criteria. This paper focuses on one...
Persistent link: https://www.econbiz.de/10011441024
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Die Theorie der optimalen Währungsräume und die politische Reformfähigkeit : ein vernachlässigtes Kriterium
Heinemann, Friedrich - 1998
Währungsunion. Hintergrund für diese Erweiterung ist das in Deutschland, aber auch in manchen anderen EU-Staaten, zu beobachtende …
Persistent link: https://www.econbiz.de/10011441036
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EMU and fiscal discipline : the end of the depreciation threat
Heinemann, Friedrich - 1998
Are the characteristics of the exchange rate regime relevant for the degree of fiscal discipline? What are the conclusions for fiscal behavior in Europe after the transition to EMU? These are the central questions that are analyzed in this paper from a theoretical point of view. After a general...
Persistent link: https://www.econbiz.de/10011441669
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Reconciling insurance with market discipline : a blueprint for a European fiscal union
Dolls, Mathias; Fuest, Clemens; Heinemann, Friedrich; … - 2015
This contribution develops a blueprint for a European fiscal union. The proposal addresses the shortcomings of most other reform designs which do not offer a solution for insolvent or noncooperative euro countries. We suggest a design which combines fiscal insurance with an orderly procedure to...
Persistent link: https://www.econbiz.de/10011300749
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Transparenz und Nachhaltigkeit der Haushaltspolitik in den neuen EU-Staaten
Heinemann, Friedrich (contributor) - 2007 - 1. Auflage 2007 (Online-Ausg.)
Abstract: Die neuen als auch die bisherigen Mitgliedstaaten der EU stehen vor großen Herausforderungen im Hinblick auf … Recht als notwendige Bedingung für eine auf Dauer erfolgreiche Europäische Währungsunion, deren Mitglieder die neuen EU … Nachhaltigkeit der Haushaltspolitik in den neuen EU-Staaten. Dabei kommt ein vielfältiges analytisches Instrumentarium zum Einsatz …
Persistent link: https://www.econbiz.de/10011674914
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Do fiscal rules constrain fiscal policy? : a meta-regression-analysis
Heinemann, Friedrich; Moessinger, Marc-Daniel; Yeter, … - 2016
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...
Persistent link: https://www.econbiz.de/10011444762
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Factor mobility, government debt and the decline in public investment
Heinemann, Friedrich - 2002
like the EU deficit limits. The econometric results indicate that the decline is largely due to two developments: First to … privatisation process nor EU deficit restrictions of the Maastricht Treaty can explain the decline. …
Persistent link: https://www.econbiz.de/10011447263
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Sovereign risk premia : the link between fiscal rules and stability culture ; conference paper
Heinemann, Friedrich; Osterloh, Steffen; Kalb, Alexander - 2013
There is a growing empirical literature studying whether fiscal rules reduce borrowing costs. Nevertheless, it remains an open question whether these rules are effective genuinely or just because they mirror fiscal preferences of politicians and voters. In our analysis of European bond spreads,...
Persistent link: https://www.econbiz.de/10010336738