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The design of national fiscal frameworks and their budgetary impact

Nerlich, Carolin; Reuter, Wolf Heinrich - 2013

This study analyses the link between fiscal frameworks and their budgetary impact. We look at different features of national numerical fiscal rules in combination with fiscal councils and medium-term budgeting frameworks. We construct our own time-varying dataset for national fiscal frameworks...

Persistent link: https://www.econbiz.de/10011605633

Fiscal rules, fiscal space and procyclical fiscal policy

Nerlich, Carolin; Reuter, Wolf Heinrich - 2015

In this paper we analyse the interaction of fiscal rules and fiscal space. We find strong evidence for fiscal rules being associated with higher fiscal space. Furthermore, the analysis shows that countries with more fiscal space tend to have higher discretionary expenditures, but that this...

Persistent link: https://www.econbiz.de/10011605917

Measuring fiscal spillovers in EMU and beyond: A global VAR approach

Belke, Ansgar; Osowski, Thomas - 2016

This paper identifies and measures fiscal spillovers in the EU countries empirically, using a structurally stable global vector autoregression (GVAR) model. For our purposes, the individual EU countries, as well as the most important international trading partners, are modelled with a special...

Persistent link: https://www.econbiz.de/10011622971

Post-crisis lesson for EMU governance from the principal-agent approach

Barbone, Luca; Poniatowski, Grzegorz - 2013

Stability and Growth Pact by addressing the problem of economic governance in the EMU with a game-theoretic principal …

Persistent link: https://www.econbiz.de/10011430918

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/10010297592

Exchange rate regimes and fiscal discipline in OECD countries

Heinemann, Friedrich - 1999

Since the start of EMU national fiscal policy in the Eurozone can be conducted almost without paying any attention to consequences for the exchange rate. This might lower fiscal discipline. In order to shed light on the empirical relevance of this consideration, the impact of the exchange rate...

Persistent link: https://www.econbiz.de/10010297607

Ziele und Zielkonflikte der Wirtschaftspolitik und Ansätze für Indikatoren und Politikberatung

Dullien, Sebastian; van Treeck, Till - 2012

Ein integrativer Politikansatz zielt auf die Verbesserung der Lebensbedingungen in einer Vielzahl von Dimensionen bei Bewahrung der natürlichen Lebensgrundlagen ab, und diese Dimensionen müssen in eine sinnvolle moderne Wohlstandsdefinition einfließen. Ein moderner Wohlstandsbegriff ist viel...

Persistent link: https://www.econbiz.de/10010331084

Entwicklung des Datenangebots und deren Nachfrage in neun Jahren Forschungsdatenzentrum der Rentenversicherung (2004 bis 2012)

Hansen, Ingmar; Himmelreicher, Ralf K.; Mai, Dirk; … - 2012

Der vorliegende Aufsatz dokumentiert einerseits das unter Einhaltung des Datenschutzes und der Datensicherheit aufbereitete Datenangebot des Forschungsdatenzentrums der Rentenversicherung (FDZ-RV). Andererseits wird die Entwicklung der Nachfrage nach diesen Daten seit der Gründung des...

Persistent link: https://www.econbiz.de/10010331085

Bringing Belgian Public Finances to a Sustainable Path

Koźluk, Tomasz; Jousten, Alain; Høj, Jens - Economics Department, Organisation de Coopération et … - 2012

Economic growth is projected to be strengthening from mid-2011 onwards, but will be insufficient to restore the … increased. This will require cuts in public spending, improving efficiency of policies, containing the growth of ageing …-related costs and making the tax system more conducive to growth. While past experiences, such as in the 1990s, have shown that …

Persistent link: https://www.econbiz.de/10011276973

The Freedom Budget at 45: Functional finance and full employment

Forstater, Mathew - 2011

Forty-five years ago, the A. Philip Randolph Institute issued The Freedom Budget, in which a program for economic transformation was proposed that included a job guarantee for everyone ready and willing to work, a guaranteed income for those unable to work or those who should not be working, and...

Persistent link: https://www.econbiz.de/10010286508