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https://hdl.handle.net/10419/19153
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DC Field | Value | Language |
---|---|---|
dc.contributor.author | Kirchgässner, Gebhard | en |
dc.contributor.author | Prohl, Silika | en |
dc.date.accessioned | 2009-01-28T15:55:25Z | - |
dc.date.available | 2009-01-28T15:55:25Z | - |
dc.date.issued | 2006 | - |
dc.identifier.uri | http://hdl.handle.net/10419/19153 | - |
dc.description.abstract | We examine whether Swiss federal fiscal policy was sustainable over the period from 1900 to2002. We perform unit root and cointegration tests for federal revenues and expenditures,taking into account a structural shift in the budgetary process related to World War II. Wefind sustainability over the entire period. However, splitting the sample into two sub-samplesbefore and after World War II, the results do much less support sustainability. Finally,applying the tax smoothing model of BARRO (1979), we show that cyclical fluctuations ofthe output and changes in expected inflation rate are major determinants of the federal budgetdeficit over the time period considered. | en |
dc.language.iso | eng | en |
dc.publisher | |aCenter for Economic Studies and ifo Institute (CESifo) |cMunich | en |
dc.relation.ispartofseries | |aCESifo Working Paper |x1689 | en |
dc.subject.jel | H63 | en |
dc.subject.jel | H62 | en |
dc.subject.ddc | 330 | en |
dc.subject.keyword | sustainability | en |
dc.subject.keyword | budget deficit | en |
dc.subject.keyword | cointegration | en |
dc.subject.keyword | structural breaks | en |
dc.subject.stw | Antizyklische Finanzpolitik | en |
dc.subject.stw | Haushaltsdefizit | en |
dc.subject.stw | Haushaltskonsolidierung | en |
dc.subject.stw | Schätzung | en |
dc.subject.stw | Schweiz | en |
dc.title | Sustainability of Swiss fiscal policy | - |
dc.type | Working Paper | en |
dc.identifier.ppn | 51003750X | en |
dc.rights | http://www.econstor.eu/dspace/Nutzungsbedingungen | en |
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