Die vorliegende Arbeit untersucht anhand der libanesischen Budgetpolitik von 1964-2000 in wie weit sich „Good Governance“ und nachhaltiger wirtschaftliche Entwicklung gegenseitig beeinflussen.Der wie gefasste Untersuchungsrahmen erlaubt es die libanesische Budgetpolitik in drei verschiedenen...

Since the abolition of its Apartheid regime in 1994, South Africa has launched a massive program of education, which has been financed through resources representing on average 21% of the national budget or 7% of GDP. Today, the GDP share of public spending on education is 1.3 times the average...

Since the 1960s, the field of open economy macroeconomics has been largely dominated by the Mundell-Fleming model and its perfect-foresight extension of Dornbusch (1976). When dealing with classical issues of international macroeconomics, including for instance the international transmission of...

This dissertation is a collection of essays with the main objective of estimate and understand macroeconomic behavior of emerging countries by the lenses of modern tools in general equilibrium modeling. In the first chapter, I study whether structural parameters of Small Open Economy Real...

In der vorliegenden Arbeit beschäftige ich mich mit der theoretischen Analyse von Geld- und Fiskalpolitik in Currency-Board-Systemen und der Währungsunion. Beide Währungssysteme haben seit den neunziger Jahren zunehmend an Bedeutung gewonnen, Currency Boards durch die Rückgewinnung der...

Es ist noch immer nicht endgültig geklärt, wie fiskalische Dezentralisierung die Höhe und Struktur der öffentlichen Ausgaben beeinflusst. Diese Dissertation analysiert daher zwei zusammenhängende Fragen. Erstens werden die Auswirkungen der fiskalischen Dezentralisierung auf die...

In this dissertation, I present five dynamic general equilibrium models. The distinguishing feature of these models is that they incorporate reciprocal altruistic behavior into an otherwise standard New Keynesian framework. In particular, I extend the New Keynesian model such that the assumed...

Under the Fiscal Compact’s rules, the structural balance has become a crucial variable in the EU budgetary framework. This should facilitate the operativeness of the automatic stabilizers and avoid pro-cyclical fiscal policies . However, in the past years peripheral member countries have...

Purpose: This paper focuses on identifying the role of trade and legislation of a country for economic integration. Every Balkan country has claims to integrate into the large family of the European Union- EU. This context besides foreign trade legal infrastructure is one of the main...

The aim of the study is to reveal the effects of the ongoing fiscal and economic policies since the beginning of the pandemic (Covid-19) period in the world. In the study, first of all, fiscal and economic policies in extraordinary situations have been approached theoretically from a historical...