@techreport{Haber2006Sustainability,
abstract = {Sustainablity of Austrian public debt is investigated in the context of political objectives such as stabilizing the business cycle, increasing chances for being re-elected and implementing the ideologies of political parties. Several tests indicate that Austrian fiscal policies were sustainable in the period 19601974, while from 1975 on, public debt grew much more rapidly. The development of public debt in Austria seems to be driven not primarily by ideology, but by structural causes and a shift in the budgetary policy paradigm. We find some empirical evidence that governments in Austria dominated by one party run higher deficits than coalition governments. There are no indications of a political business cycle.},
address = {M\"{u}nchen},
author = {Gottfried Haber and Reinhard Neck},
copyright = {http://www.econstor.eu/dspace/Nutzungsbedingungen},
keywords = {H6; E6; 330; Finanzpolitik; Nachhaltige Entwicklung; \"{O}ffentliche Schulden; Zeitreihenanalyse; \"{O}sterreich},
language = {eng},
number = {1816},
publisher = {CESifo},
title = {Sustainability of Austrian public debt: a political economy},
type = {CESifo working paper},
url = {http://hdl.handle.net/10419/25861},
year = {2006}
}
