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Humboldt-Universität Berlin >
Sonderforschungsbereich 649: Ökonomisches Risiko, Humboldt-Universität Berlin >
SFB 649 Discussion Papers, HU Berlin >
Please use this identifier to cite or link to this item:
http://hdl.handle.net/10419/25188
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Full metadata record
| DC Field | | Value | | Language |
| dc.contributor.author | | Thams, Andreas | | en_US |
| dc.date.accessioned | | 2008-02-19 | | en_US |
| dc.date.accessioned | | 2009-07-23T14:44:39Z | | - |
| dc.date.available | | 2009-07-23T14:44:39Z | | - |
| dc.date.issued | | 2007 | | en_US |
| dc.identifier.uri | | http://hdl.handle.net/10419/25188 | | - |
| dc.description.abstract | | This paper analyzes German and Spanish fiscal policy using simple policy rules. We choose Germany and Spain, as both are Member States in the European Monetary Union (EMU) and underwent considerable increases in public debt in the early 1990s.We focus on the question, how fiscal policy behaves under rising public debt ratios. It is found that both Germany and Spain generally exhibit a positive relationship between government revenues and debt. Using Markov-switching techniques, we show that both countries underwent a change in policy behavior in the light of rising debt/output ratios at the end of the 1990s. Interestingly, this change in policy behavior differs in its characteristics across the two countries and seems to be non-permanent in the case of Germany. | | en_US |
| dc.language.iso | | eng | | en_US |
| dc.publisher | | SFB 649, Economic Risk Berlin | | en_US |
| dc.relation.ispartofseries | | SFB 649 discussion paper 2007,016 | | en_US |
| dc.subject.jel | | E62 | | en_US |
| dc.subject.jel | | E63 | | en_US |
| dc.subject.jel | | E65 | | en_US |
| dc.subject.ddc | | 330 | | en_US |
| dc.subject.keyword | | Fiscal policy rules | | en_US |
| dc.subject.keyword | | public debt | | en_US |
| dc.subject.keyword | | euro area | | en_US |
| dc.subject.keyword | | fiscal consolidation | | en_US |
| dc.subject.stw | | Finanzpolitik | | en_US |
| dc.subject.stw | | Öffentliche Schulden | | en_US |
| dc.subject.stw | | Haushaltskonsolidierung | | en_US |
| dc.subject.stw | | Europäische Wirtschafts- und Währungsunion | | en_US |
| dc.subject.stw | | Spanien | | en_US |
| dc.subject.stw | | Deutschland | | en_US |
| dc.title | | Fiscal policy rules in practice | | en_US |
| dc.type | | Working Paper | | en_US |
| dc.identifier.ppn | | 558531962 | | en_US |
| dc.rights | | http://www.econstor.eu/dspace/Nutzungsbedingungen | | - |
| Appears in Collections: | | SFB 649 Discussion Papers, HU Berlin
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