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Germany and the euroland crisis : the making of a vulnerable haven

Bibow, Jörg - 2013

This paper investigates Germany's vulnerability to the ongoing Euroland crisis. In 2010-11, Germany experienced a strong rebound from the global financial crisis of 2008-09. The Euroland crisis then meant record low interest rates and a depressed euro that boosted German extra-area exports. But...

Persistent link: https://www.econbiz.de/10009757118

The Euroland crisis and Germany's euro trilemma

Bibow, Jörg - In: International review of applied economics 27 (2013) 3, pp. 360-385

Persistent link: https://www.econbiz.de/10009781098

Four decades of municipal bailouts in Germany

Person, Christian; Geißler, René - In: Local public finance : an international comparative …, (pp. 227-245). 2021

a phenomenon in Germany for decades. As an institutional response, most German states implemented bailouts to restore … local public finances. This chapter gives a brief description of the history of municipal bailouts in Germany. We begin with … the first small bailout programme in North Rhine-Westphalia during the 1980s. In the aftermath of the global financial …

Persistent link: https://www.econbiz.de/10012586976

Beyond Bailouts : Federal Tools for Preventing State Budget Crises

Galle, Brian D.; Stark, Kirk J. - 2012

“bailouts” - to address fiscal imbalances. Yet these bailouts have their own problems, including creating an incentive for … states not to establish adequate rainy day funds, which in turn increases the likelihood of future bailout demands. To escape …

Persistent link: https://www.econbiz.de/10014176613

EU Federalism in Crisis

Lannoo, Karel - 2012

In the run-up to this week's European Council, Karel Lannoo offers his assessment of what has been put on the table so far in response to the euro crisis – and what more needs to be done. He starts with an assessment of the measures taken in the ‘six-pack' and the debate on the Euro-plus...

Persistent link: https://www.econbiz.de/10013111539

EU federalism in crisis

Lannoo, Karel - 2011

Persistent link: https://www.econbiz.de/10009572589

Fiscal Transfers and Fiscal Sustainability

Potrafke, Niklas - 2014

We examine whether US and German state governments pursue sustainable fiscal policies taking into account fiscal transfers. Using panel data techniques we investigate whether the debt-to-GDP ratio had a positive influence on the primary surplus (Bohn-model). We show that including/excluding...

Persistent link: https://www.econbiz.de/10013055378

The Dynamics of Municipal Fiscal Adjustment

Büttner, Thiess; Wildasin, David E. - 2021

The dynamic fiscal policy adjustment of local jurisdictions is investigated empirically using a panel of more than 1000 U.S. municipalities over a quarter of a century. Distinguishing own revenues, grants, expenditures, and debt service, the analysis is carried out using a vector error...

Persistent link: https://www.econbiz.de/10013320639

Balanced budget government spending in a small open regional economy

Lecca, Patrizio; McGregor, Peter G.; Swales, John Kim - 2012

Scotland is engaged in a lively and on-going debate on greater fiscal autonomy and independence, which is politically controversial, especially in respect of tax-varying powers. The Scottish Parliament has the power to make a balanced-budget adjustment in public expenditure by varying the basic...

Persistent link: https://www.econbiz.de/10011507604

Frameworks for central-local government relations and fiscal sustainability

Morgan, Peter J.; Trinh, Long Q. - 2016

Sustainable and inclusive growth in emerging Asian economies requires continued high levels of public sector investment in areas such as infrastructure, education, health, and social services. These responsibilities, especially with regard to infrastructure investment, need to be devolved...

Persistent link: https://www.econbiz.de/10011561683