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Government size, composition, volatility and economic growth

Afonso, António; Furceri, Davide - 2008

This paper analyses the effects in terms of size and volatility of government revenue and spending on growth in OECD and EU countries. The results of the paper suggest that both variables are detrimental to growth. In particular, looking more closely at the effect of each component of government...

Persistent link: https://www.econbiz.de/10011604895

Do large cabinets favor large governments? : evidence from Swiss sub-federal jurisdictions

Feld, Lars P.; Schaltegger, Christoph A. - 2004

The fiscal commons problem is one of the most prominent explanations of excessive spending and indebtedness in political economics. The more fragmented a government, the higher its spending, deficits and debt. In this paper we investigate to what extent this problem can be mitigated by different...

Persistent link: https://www.econbiz.de/10010261274

Do large cabinets favor large governments?: Evidence from Swiss sub-federal jurisdictions

Schaltegger, Christoph A.; Feld, Lars P. - 2004

Persistent link: https://www.econbiz.de/10010265723

Fiscal consolidation strategy

Cogan, John F.; Taylor, John B.; Wieland, Volker; … - 2012

In the aftermath of the global financial crisis and great recession, many countries face substantial deficits and growing debts. In the United States, federal government outlays as a ratio to GDP rose substantially from about 19.5 percent before the crisis to over 24 percent after the crisis. In...

Persistent link: https://www.econbiz.de/10010311794

Fiscal consolidation in the euro area: long-run benefits and short-run costs.

Coenen, Günter; Mohr, Matthias; Straub, Roland - 2008

In this paper, we examine the macroeconomic effects of alternative fiscal consolidation policies in the New Area-Wide Model (NAWM), a two-country open-economy model of the euro area developed at the European Central Bank (cf. Coenen et al., 2007). We model fiscal consolidation as a permanent...

Persistent link: https://www.econbiz.de/10011604948

Finanzpolitik und Produktionspotential in Deutschland

Boss, Alfred - 2007

In der Finanz- und Sozialpolitik Deutschlands hat es in den vergangenen Jahren viele Änderungen gegeben. Die Expansion der Staatsausgaben wurde begrenzt, die Einkommensteuersätze wurden reduziert und das Budgetdefizit des Staates verringert. Infolge der Begrenzung der Sozialleistungen hat die...

Persistent link: https://www.econbiz.de/10010273155

Financial Policy in the Netherlands 1977-2002: The Effects of Fiscal Contracts

Seils, Eric - 2004

In dem Papier wird die Finanzpolitik der Niederlande seit dem Ende der keynesianischen Vollbeschäftigungsphase … analysiert. Wie haben sich die Staatsquote, die Abgabenquote und das Defizit in den vergangenen 25 Jahren entwickelt? Warum sind … Absprachen unter Kontrolle anderer wichtiger Erklärungsvariablen einen mäßigenden Einfluss auf die Entwicklung der Staatsquote …

Persistent link: https://www.econbiz.de/10010296052

Germany's fiscal policy stance

Siebert, Horst - 2004

This paper analyzes Germany's fiscal policy position. Half of GDP passes through the hands of government, a high debt to GDP ratio limits the maneuvering, and the revenue sharing mechanism prevents a competitive federalism. Most importantly for the future, the federal finance minister has to...

Persistent link: https://www.econbiz.de/10010265427

Government size and business cycle volatility: How important are credit constraints?

Leibrecht, Markus; Scharler, Johann - 2012

In this paper we analyze how the availability of credit influences the relationship between government size as a proxy for fiscal stabilization policy and the amplitude of business cycle fluctuations in a sample of advanced OECD countries. Interpreting relatively low loan-tovalue ratios as an...

Persistent link: https://www.econbiz.de/10010294478

Government spending volatility and the size of nations

Furceri, Davide; Poplawski Ribeiro, Marcos - 2008

This paper provides empirical evidence showing that smaller countries tend to have more volatile government spending for a sample of 160 countries from 1960 to 2000. We argue that the larger size of a country decreases the volatility of government spending because it acts as an insurance against...

Persistent link: https://www.econbiz.de/10011604970