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Public deficits and borrowing costs : the missing half of market discipline
Heinemann, Friedrich; Winschel, Viktor - 2001
EMU driven interest rate convergence has led to a significant reduction of borrowing costs for some European …
Persistent link: https://www.econbiz.de/10011445942
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Public deficits and borrowing costs: the missing half of market discipline
Heinemann, Friedrich; Winschel, Viktor - 2001
EMU driven interest rate convergence has led to a significant reduction of borrowing costs for some European …
Persistent link: https://www.econbiz.de/10010297752
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Public deficits and borrowing costs: the missing half of market discipline
Heinemann, Friedrich; Winschel, Viktor - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2001
EMU driven interest rate convergence has led to a significant reduction of borrowing costs for some European …
Persistent link: https://www.econbiz.de/10005097801
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Biases in fiscal multiplier estimates
Asatryan, Zareh; Havlik, Annika; Heinemann, Friedrich; … - 2019
The "true" size of fiscal multipliers is widely debated by economists and policy makers as large (small) multipliers provide arguments to expand (cut) public spending. Within a meta-analytical framework, we ask whether the large observed variance in multiplier estimates can be explained by the...
Persistent link: https://www.econbiz.de/10012029022
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Sovereign risk premia : the link between fiscal rules and stability culture
Heinemann, Friedrich; Osterloh, Steffen; Kalb, Alexander - 2013 - This version: March 2013
There is a growing empirical literature studying whether fiscal rules reduce borrowing costs. Nevertheless, it remains an open question whether these rules are effective genuinely or just because they mirror fiscal preferences of politicians and voters. In our analysis of European bond spreads,...
Persistent link: https://www.econbiz.de/10009721879
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Biases in Fiscal Multiplier Estimates
Asatryan, Zareh - 2019
The "true" size of fiscal multipliers is widely debated by economists and policy makers as large (small) multipliers provide arguments to expand (cut) public spending. Within a meta-analytical framework, we ask whether the large observed variance in multiplier estimates can be explained by the...
Persistent link: https://www.econbiz.de/10012866573
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Sovereign Risk Premia : The Link between Fiscal Rules and Stability Culture
Heinemann, Friedrich - 2013
There is a growing empirical literature studying whether fiscal rules reduce borrowing costs. Nevertheless, it remains an open question whether these rules are effective genuinely or just because they mirror fiscal preferences of politicians and voters. In our analysis of European bond spreads,...
Persistent link: https://www.econbiz.de/10013085156
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EMU and fiscal discipline : the end of the depreciation threat
Heinemann, Friedrich - 1998
conclusions for fiscal behavior in Europe after the transition to EMU? These are the central questions that are analyzed in this …
Persistent link: https://www.econbiz.de/10011441669
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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 … the fiscal balance - a result backing an optimistic view on fiscal discipline under EMU. On the other hand, however, there … is the result that a high degree of openness has a deficit reducing impact. This is a worrying result in the EMU context …
Persistent link: https://www.econbiz.de/10011442384
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Public Deficits and Borrowing Costs : The Missing Half of Market Discipline
Heinemann, Friedrich; Winschel, Viktor - 2008
EMU driven interest rate convergence has led to a significant reduction of borrowing costs for some European …
Persistent link: https://www.econbiz.de/10014109082