Similar Search Results

When Does Inter-Jurisdictional Competition Engender a 'Race to the Bottom?' A Meta-Regression Analysis

Costa-Font, Joan - 2015

A growing literature documents the existence of strategic political reactions to public expenditure between rival … jurisdictions. These interactions can potentially create a downward expenditure spiral (‘race to the bottom') or a rising … expenditure spiral (‘race to the top'). However, in the course of identifying the existence of such interactions and ascertaining …

Persistent link: https://www.econbiz.de/10013026688

Expenditure Rules : Effective Tools for Sound Fiscal Policy?

Cordes, Till - 2015

This paper provides new evidence on the effectiveness of expenditure rules. The analysis is based on a unique dataset … covering all countries with national and supranational fiscal rules, including 33 expenditure rules, between 1985 and 2013. It … compliance with rules and of the potential role of expenditure rules, in particular regarding long-term sustainability. Second …

Persistent link: https://www.econbiz.de/10013026921

It's Not All Fiscal : Effects of Income, Fiscal Policy, and Wealth on Private Consumption

Jaramillo Echeverri, Laura - 2015

We attempt to disentangle income and wealth effects on consumption by disaggregating both the different types of income and wealth. We estimate a consumption function for a panel of quarterly data for 14 advanced economies spanning 1998 to 2012, using an error correction specification. We find a...

Persistent link: https://www.econbiz.de/10013021438

Post-Keynesian Economics – A User's Guide

Hart, Neil - 2015

This paper provides a brief introduction to post-Keynesian economics. Post-Keynesians are sceptical of the usefulness of the equilibrium method, and favour an approach based on path-determined models with, due to the influence of uncertainty on economic decisions, an important role assigned to...

Persistent link: https://www.econbiz.de/10013021720

The Protestant Fiscal Ethic : Religious Confession and Euro Skepticism in Germany

Chadi, Adrian - 2015

During the European sovereign debt crisis, most countries that ran into fiscal trouble had Catholic majorities, whereas countries with Protestant majorities were able to avoid fiscal problems. Survey data show that, within Germany, views on the euro differ between Protestants and...

Persistent link: https://www.econbiz.de/10013022012

Fiscal Policy under Long-Run Stagnation : A New Interpretation of the Multiplier Effect

Murota, Ryu-ichiro - 2015

We develop a Keynesian cross analysis with a dynamic optimization setting that explains long-run stagnation caused by aggregate demand deficiency. We show that an increase in government purchases boosts GDP through a multiplier process, but the implication is quite different from the...

Persistent link: https://www.econbiz.de/10013022238

Fiscal Austerity versus Growth in Croatia

Škare, Marinko - 2015

The role of fiscal austerity has been questioned for centuries, but a rapidly increasing deficit along with the financial crisis in 2007/2008 influenced a renewed debate on the economics of austerity. This paper analyzes the role of austerity versus the role of economic growth. It also attempts...

Persistent link: https://www.econbiz.de/10013022573

Fiscal Analysis is Darned Hard

Leeper, Eric M. - 2015

Dramatic fiscal developments in the wake of the 2008 financial crisis and global recession led researchers to recognize how little we know about fiscal policies and their impacts. This essay argues that fiscal analysis that aims to address pertinent issues and provide useful inputs to...

Persistent link: https://www.econbiz.de/10013009902

Fiscal Policy and Trade Margins : An Educational Channel

Guadarrama-Baena, Roberto - 2015

channel on the aggregate expenditure and the extensive margin of trade. A decrease in expenditure and an increase in the …

Persistent link: https://www.econbiz.de/10013009999

Fiscal Analysis is Darned Hard

Leeper, Eric M. - 2015

Persistent link: https://www.econbiz.de/10013010203