|
EconStor >
Georg-August-Universität Göttingen >
cege - Centrum für Europa-, Governance- und Entwicklungsforschung, Universität Göttingen >
cege-Diskussionspapiere, Universität Göttingen >
Please use this identifier to cite or link to this item:
http://hdl.handle.net/10419/31995
|
| | |
| Title: | | The impact of fixed exchange rates on fiscal discipline  |
| Authors: | | El-Shagi, Makram |
| Issue Date: | | 2009 |
| Series/Report no.: | | CeGE Discussion Paper 84 |
| Abstract: | | In this paper, it is shown that, contrary to standard arguments, fiscal discipline is not substantially enhanced by a fixed exchange rate regime. This study is based on data from 116 countries collected from 1975 to 2004 and uses various estimation techniques for dynamic panel data, in particular a GMM estimation in the tradition of Arellano and Bover (1995), and Blundell and Bond (1998). Contrary to previous papers on this topic, the present paper takes into account that the consequences of a new exchange rate regime do not necessarily fully manifest immediately. |
| JEL: | | F31 E63 O23 |
| Document Type: | | Working Paper |
| Appears in Collections: | | cege-Diskussionspapiere, Universität Göttingen
|
| |
| | |
Download bibliographical data as:
BibTeX
|
| |
Share on:http://hdl.handle.net/10419/31995
|
Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.
|