Haushaltskonsolidierung und Schuldenmanagement nach der Finanzkrise

Selected for the Global Economic Symposium 2011

The financial crisis has dramatically worsened the state of public finances in the majority of the advanced industrial countries. Many of them are currently on unsustainable fiscal trajectories, and there is broad agreement that very substantial consolidation efforts are needed to re-establish stability. There is, however, substantial debate on the extent and the timing of the consolidation process. Large short-term fiscal consolidation measures are likely to severely restrain the chances to recover from high unemployment which still pertains in many countries. Postponing consolidation, however, may not be a viable option in cases where the fiscal position has worsened to such an extent that the country is not longer able to borrow in the markets at sustainable interest rates. A particular worrisome feature in this context is that even drastic consolidation measures, as in the case of Greece and Ireland, have not been sufficient to restore investor confidence.Alle Titel können über den Dokumentenlieferdienst der ZBW bestellt werden.

 

Wesentliches Schlagwort: Finanzpolitik

Wikipedia EyePlorer Bundeszentrale für politische Bildung Deeper Web GVK - Gemeinsamer Verbundkatalog Google-Blogs Standard-Thesaurus Wirtschaft Wirtschaftslexikon24

Wesentliches Schlagwort: Haushaltsdefizit

Wikipedia EyePlorer Bundeszentrale für politische Bildung Deeper Web GVK - Gemeinsamer Verbundkatalog Google-Blogs Standard-Thesaurus Wirtschaft Wirtschaftslexikon24

Wesentliches Schlagwort: Haushaltskonsolidierung

Wikipedia EyePlorer Bundeszentrale für politische Bildung Deeper Web GVK - Gemeinsamer Verbundkatalog Google-Blogs Standard-Thesaurus Wirtschaft Wirtschaftslexikon24 Gabler-Wirtschaftslexikon

Wesentliches Schlagwort: Öffentliche Schulden

Wikipedia EyePlorer Bundeszentrale für politische Bildung Deeper Web GVK - Gemeinsamer Verbundkatalog Google-Blogs Standard-Thesaurus Wirtschaft Wirtschaftslexikon24

Regionale Aspekte: EU-Staaten – Finanzpolitik

GVK - Gemeinsamer Verbundkatalog Econis - ZBW Google-News Google-Blogs Deeper Web Bing-Video

Regionale Aspekte: EU-Staaten – Haushaltskonsolidierung

GVK - Gemeinsamer Verbundkatalog Econis - ZBW Google-News Google-Blogs Deeper Web Bing-Video

Regionale Aspekte: Welt – Haushaltskonsolidierung

GVK - Gemeinsamer Verbundkatalog Econis - ZBW Google-News Google-Blogs Deeper Web Bing-Video

 

Literaturliste

The stability and growth pact : leassons from the great recession / Martin Larch , Paul van den Noord and Lars Jonung.

  • The stability and growth pact : leassons from the great recession / Martin Larch , Paul van den Noord and Lars Jonung.
    (2011) Working paper / Department of Economics, Lund University ; 2011,06; Online-Ressource (52 S.).

    Volltext PDF-Volltext prüfen & bestellenEconBizGoogle-ScolarBibliotheksVerbund BayernScirus - Elsevier

Exit strategies / by Ignazio Angeloni, Ester Faia and Roland Winkler.
We study alternative scenarios for exiting the post-crisis fiscal and monetary accommodation using the model of Angeloni and Faia (2010), that combines a standard DSGE framework with a fragile banking sector, suitably modified and calibrated for the euro area. Credibly announced and fast fiscal consolidations dominate based on simple criteria alternative strategies incorporating various degrees of gradualism and surprise. The fiscal adjustment should be based on spending cuts or else be relatively skewed towards consumption taxes. The phasing out of monetary accommodation should be simultaneous or slightly delayed. We also find that, contrary to widespread belief, Basel III may well have an expansionary macroeconomic effect. — Exit strategies ; debt consolidation ; fiscal policy ; monetary policy ; capital requirements ; bank runs

A decade of debt / Carmen Reinhart and Kenneth Rogoff.

  • A decade of debt / Carmen Reinhart and Kenneth Rogoff.
    (2011) Discussion paper series / Centre for Economic Policy Research ; 8310 : International macroeconomics; 48 S.

    prüfen & bestellen EconBiz Google-Scolar Google BibliotheksVerbund Bayern Scirus - Elsevier
  • A decade of debt / Carmen M. Reinhart; Kenneth S. Rogoff.
    (2011) Cambridge, Mass.; 48 S.

    prüfen & bestellen EconBiz Google-Scolar Google BibliotheksVerbund Bayern Scirus - Elsevier

Fiscal aspects of European monetary integration / ed. by Andrew Hughes-Hallett ….

The role of independent fiscal policy institutions / Lars Kunze.
The paper analyses how independent fiscal watchdogs (fiscal policy councils) can strengthen the incentives for fiscal discipline. By increasing fiscal transparency they can raise the awareness of the long-run costs of current deficits and increase the reputational costs for governments of violating their fiscal rules. Councils that make also normative judgements, where fiscal policy is evaluated against the government’s own pre-set objectives, are likely to be more influential than councils that do only positive analysis. To fulfil their role adequately, fiscal watchdogs should be granted independence in much the same way as central banks. — fiscal institutions ; deficit bias ; fiscal transparency

  • The role of independent fiscal policy institutions / Lars Kunze.
    (2011) CESifo working paper ; 3367 : Fiscal Policy, Macroeconomics and Growth; Online-Ressource (PDF-Datei: 35 S., 289 KB).

    Volltext PDF-Volltext prüfen & bestellenEconBizGoogle-ScolarBibliotheksVerbund BayernScirus - Elsevier

New challenges for public debt in advanced economies : summary of the conference held in Strasbourg on 16-17 September 2010 / Carine Bouthevillain, Gilles Dufrénot, Philippe Frouté, Laurent Paul.

  • New challenges for public debt in advanced economies : summary of the conference held in Strasbourg on 16-17 September 2010 / Carine Bouthevillain, Gilles Dufrénot, Philippe Frouté, Laurent Paul.
    (2011) In: Banque de France bulletin. – Paris. – Bd. 20.2010/2011, S. 95-107.

    prüfen & bestellen Zeitschrift verfügbar? EconBiz Google-Scolar Scirus - Elsevier Biznar - Deep Web Business Search

Limiting the fall-out from fiscal adjustment / Ben Broadbent and Kevin Daly.

  • Limiting the fall-out from fiscal adjustment / Ben Broadbent and Kevin Daly.
    (2010) New York, NY; 27 S.

    prüfen & bestellen Inhaltsverzeichnis EconBiz Google-Scolar Google BibliotheksVerbund Bayern Scirus - Elsevier

The impact of numerical expenditure rules on budgetary discipline over the cycle / by Fédéric Holm-Hadulla, Sebastian Hauptmeier and Philipp Rother.
We study the impact of numerical expenditure rules on the propensity of governments to deviate from expenditure targets in response to surprises in cyclical conditions. Theoretical considerations suggest that due to political fragmentation in the budgetary process expenditure policy might be prone to a pro-cyclical bias. However, this tendency may be mitigated by numerical expenditure rules. These hypotheses are tested against data from a panel of EU Member States. Our key findings are that (i) deviations between actual and planned government expenditure are positively related to unanticipated changes in the output gap, and (ii) numerical expenditure rules reduce this pro-cyclical bias. Moreover, the pro-cyclical spending bias is found to be particularly pronounced for spending items with a high degree of budgetary flexibility. – Expenditure rules ; fiscal discipline ; stabilisation ; spending bias

  • The impact of numerical expenditure rules on budgetary discipline over the cycle / by Fédéric Holm-Hadulla, Sebastian Hauptmeier and Philipp Rother.
    (2010) Working paper series / European Central Bank ; 1169; Online-Ressource, (27 S., 957 KB).

    PDF-Volltext PDF-Volltext prüfen & bestellenEconBizGoogle-ScolarBibliotheksVerbund BayernScirus - Elsevier

The future of public debt : prospects and implications / by Stephen G. Cecchetti; M. S. Mohanty; Fabrizio Zampolli.

  • The future of public debt : prospects and implications / by Stephen G. Cecchetti; M. S. Mohanty; Fabrizio Zampolli.
    (2010) BIS working papers ; 300; 23 S.

    PDF-Volltext prüfen & bestellenEconBizGoogle-ScolarBibliotheksVerbund BayernScirus - Elsevier

The political economy of fiscal consolidation / by Robert Price.

  • The political economy of fiscal consolidation / by Robert Price.
    (2010) Economics Department woking papers / Organisation for Economic Co-operation and Development ; 776; 43 S.

    PDF-Volltext prüfen & bestellenEconBizGoogle-ScolarBibliotheksVerbund BayernScirus - Elsevier

A new framework for fiscal policy consolidation in Europe / Peter Bofinger and Stefan Ried.

Major public debt reductions : lessons from the past, lessons for the future / by Christiane Nickel, Philipp Rother and Lilli Zimmermann.
The financial crisis of 2008/2009 has left European economies with a sizeable public debt stock bringing back the question what factors help to reduce these fiscal imbalances. Using data for the period 1985-2009 this paper identifies factors determining major public debt reductions. On average, the total debt reduction per country amounted to almost 37 percentage points of GDP. We estimate several specifications of a logistic probability model. Our findings suggest that, first, major debt reductions are mainly driven by decisive and lasting (rather than timid and short-lived) fiscal consolidation efforts focused on reducing government expenditure, in particular, cuts in social benefits and public wages. Second, robust real GDP growth also increases the likelihood of a major debt reduction because it helps countries to \grow their way out” of indebtedness. Third, high debt servicing costs play a disciplinary role strengthened by market forces and require governments to set up credible plans to stop and reverse the increasing debt ratios. – Fiscal policy ; public debt ; binary choice models

  • Major public debt reductions : lessons from the past, lessons for the future / by Christiane Nickel, Philipp Rother and Lilli Zimmermann.
    (2010) Working paper series / European Central Bank ; 1241; Online-Ressource, (35 S., 1,30 MB).

    PDF-Volltext PDF-Volltext prüfen & bestellenEconBizGoogle-ScolarBibliotheksVerbund BayernScirus - Elsevier

Long-term trends in public finances in the G-7 economies / Carlo Cottarelli and Andrea Schaechter.

  • Long-term trends in public finances in the G-7 economies / Carlo Cottarelli and Andrea Schaechter.
    (2010) IMF staff position note ; 2010/13; Online-Ressource (PDF-Datei: 24 S.).

    PDF-Volltext prüfen & bestellenEconBizGoogle-ScolarBibliotheksVerbund BayernScirus - Elsevier

Prospects for fiscal consolidation in Europe / Dawn Holland; Ray Barrell; Tatiana Fic; Ian Hurst; Iana Liadze ….

  • Prospects for fiscal consolidation in Europe / Dawn Holland; Ray Barrell; Tatiana Fic; Ian Hurst; Iana Liadze ….
    (2009) In: National Institute economic review. – London. – Bd. 210.2009, (Okt.2009) S. 25-35.

    prüfen & bestellen Zeitschrift verfügbar? EconBiz Google-Scolar Scirus - Elsevier Biznar - Deep Web Business Search

Default in today’s advanced economies : unnecessary, undesirable, and unlikely / Carlo Cottarelli, Lorenzo Forni, Jan Gottschalk, and Paolo Mauro.

  • Default in today’s advanced economies : unnecessary, undesirable, and unlikely / Carlo Cottarelli, Lorenzo Forni, Jan Gottschalk, and Paolo Mauro.
    (2010) IMF staff position note ; 2010/12; Online-Ressource (PDF-Datei: 26 S.).

    PDF-Volltext prüfen & bestellenEconBizGoogle-ScolarBibliotheksVerbund BayernScirus - Elsevier

Strategies for fiscal consolidation in the post-crisis world / S. M. Ali Abbas, Olivier Basdevant, Stephanie Eble, Greetje Everaert, Jan Gottschalk ….

  • Strategies for fiscal consolidation in the post-crisis world / S. M. Ali Abbas, Olivier Basdevant, Stephanie Eble, Greetje Everaert, Jan Gottschalk ….
    (2010) Departmental paper ; 2010/4; Online-Ressource (PDF-Datei: V, 54 S.).

    PDF-Volltext prüfen & bestellenMonografie verfügbar?WorldCat - WeltkatalogEconBizGoogle-Books
  • Strategies for fiscal consolidation in the post-crisis world / S. M. Ali Abbas, Olivier Basdevant, Stephanie Eble, Greetje Everaert, Jan Gottschalk …..
    (2010) Washington, DC; V, 54 S.

    prüfen & bestellen Monografie verfügbar? Inhaltsverzeichnis WorldCat - Weltkatalog EconBiz Google-Books

Fiscal adjustment and the costs of public debt service : evidence from OECD countries / Christoph A. Schaltegger ; Martin Weder.
We use a panel of 21 OECD countries from 1970 to 2009 to investigate the effects of different fiscal adjustment strategies on long-term interest rates – a key fiscal indicator reflecting the costs of government debt service. A government confronted with high deficits and rising debt will sooner or later need to enact fiscal adjustments in order to avoid solvency problems. Over the last four decades, such measures taken by governments in OECD countries have varied in duration, size, composition and in their success to re-establish fiscal sustainability. Controlling for various economic, fiscal and political factors, we find that the size and the composition of a fiscal adjustment significantly affect interest rates as well as yield spreads. Adjustments that are relatively large and those that primarily depend on expenditure cuts lead to substantially lower long-term interest rates. However, periods of fiscal adjustments do not generally have an influence on interest rates, even if they were successful and led to lower deficits and debt levels. Instead, financial markets only seem to value strict and decisive measures – a clear sign that the government’s pledge to cut the deficit is credible

  • Fiscal adjustment and the costs of public debt service : evidence from OECD countries / Christoph A. Schaltegger ; Martin Weder.
    (2010) CESifo working paper series ; 3297 : Public finance; 37 S.

    prüfen & bestellen EconBiz Google-Scolar Google BibliotheksVerbund Bayern Scirus - Elsevier
  • Fiscal adjustment and the costs of public debt service : evidence from OECD countries / Christoph A. Schaltegger ; Martin Weder.
    (2010) CESifo working paper ; 3297 : Public Finance; Online-Ressource (PDF-Datei: 37 S., 792 KB).

    Volltext PDF-Volltext Volltextprüfen & bestellenEconBizGoogle-ScolarBibliotheksVerbund BayernScirus - Elsevier

The German debt brake in comparative perspective : when do fiscal rules succeed? / Mark Hallerberg.

  • The German debt brake in comparative perspective : when do fiscal rules succeed? / Mark Hallerberg.
    (2010) In: Die neuen Schuldenregeln im Grundgesetz. – Berlin. – 2010, S. 287-303.

    prüfen & bestellen Monografie verfügbar? EconBiz Google-Books Google-Scolar Scirus - Elsevier Biznar - Deep Web Business Search

International experience with fiscal rules / Emanuele Baldacci; Manmohan S. Kumar and Andrea Schaechter.

  • International experience with fiscal rules / Emanuele Baldacci; Manmohan S. Kumar and Andrea Schaechter.
    (2010) In: Die neuen Schuldenregeln im Grundgesetz. – Berlin. – 2010, S. 255-269.

    prüfen & bestellen Monografie verfügbar? EconBiz Google-Books Google-Scolar Scirus - Elsevier Biznar - Deep Web Business Search

Debt consolidation and fiscal stabilization of deep recessions / by Giancarlo Corsetti, Keith Kuester, André Meier, Gernot J. Müller.

  • Debt consolidation and fiscal stabilization of deep recessions / by Giancarlo Corsetti, Keith Kuester, André Meier, Gernot J. Müller.
    (2010) In: The American economic review. – Bd. 100.2010, 2, (Mai.2010) S. 41-45.

    prüfen & bestellen Zeitschrift verfügbar? EconBiz Google-Scolar Scirus - Elsevier Biznar - Deep Web Business Search
  • Debt Consolidation and Fiscal Stabilization of Deep Recessions / Giancarlo Corsetti, Keith Kuester, AndreMeier and Gernot J. Müller.
    (2010) Badia Fiesolana, San Domenico (Fl); Online-Ressource (11 S., 144 KB).

    Volltext PDF-Volltext prüfen & bestellenEconBizGoogle-ScolarBibliotheksVerbund BayernScirus - Elsevier
  • Debt consolidation and fiscal stabilization of deep recessions / Giancarlo Corsetti, Keith Kuester, André Meier and Gernot Müller.
    (2010) Discussion paper series / Centre for Economic Policy Research ; 7649 : International macroeconomics; 11 S.

    prüfen & bestellen EconBiz Google-Scolar Google BibliotheksVerbund Bayern Scirus - Elsevier

Independent fiscal agencies / Xavier Debrun, David Hauner and Manmohan S. Kumar.

  • Independent fiscal agencies / Xavier Debrun, David Hauner and Manmohan S. Kumar.
    (2009) In: Journal of economic surveys. – Oxford [u.a.]. – Bd. 23.2009, 1, (Feb.2009) S. 44-81.

    prüfen & bestellen Zeitschrift verfügbar? EconBiz Google-Scolar Scirus - Elsevier Biznar - Deep Web Business Search

The benefits of fiscal consolidation in uncharted waters / by Philipp Rother, Ludger Schuknecht and Jürgen Stark.

  • The benefits of fiscal consolidation in uncharted waters / by Philipp Rother, Ludger Schuknecht and Jürgen Stark.
    (2010) Occasional paper series / European Central Bank ; 121; 35 S.

    PDF-Volltext prüfen & bestellenEconBizGoogle-ScolarBibliotheksVerbund BayernScirus - Elsevier

Consolidating the budget under difficult conditions : ten guidelines viewed against Europe’s beginning consolidation programme / Karl Aiginger and Margit Schratzenstaller.

  • Consolidating the budget under difficult conditions : ten guidelines viewed against Europe’s beginning consolidation programme / Karl Aiginger and Margit Schratzenstaller.
    (2011) In: Intereeconomics. - Berlin . – Bd. 46.2011, 1, (1/2.2011) S. 36-43.

    prüfen & bestellen Zeitschrift verfügbar? EconBiz Google-Scolar Scirus - Elsevier Biznar - Deep Web Business Search

In search of lost revenue : why restoring fiscal soundness after a crisis is harder than it looks / Masato Miyazaki.

  • In search of lost revenue : why restoring fiscal soundness after a crisis is harder than it looks / Masato Miyazaki.
    (2010) IMF working paper ; 10/137; 21 S.

    PDF-Volltext prüfen & bestellenEconBizGoogle-ScolarBibliotheksVerbund BayernScirus - Elsevier

Fiscal consolidation in the euro area : long-run benefits and short-run costs / Günter Coenen; Matthias Mohr; Roland Straub.
In this paper, we examine the macroeconomic effects of alternative fiscal consolidation policies in the New Area-Wide Model (NAWM), a two-country open-economy model of the euro area developed at the European Central Bank (cf. Coenen et al., 2007). We model fiscal consolidation as a permanent reduction in the targeted government debt-to-output ratio and analyse both expenditure and revenue-based policies that are implemented by means of simple fiscal feedback rules. We find that fiscal consolidation has positive long-run effects on key macroeconomic aggregates such as output and consumption, notably when the resulting improvement in the budgetary position is used to lower distortionary taxes. At the same time, fiscal consolidation gives rise to noticeable short-run adjustment costs in contrast to what the literature on expansionary fiscal consolidations suggests. Moreover, depending on the fiscal instrument used, fiscal consolidation may have pronounced distributional effects

  • Fiscal consolidation in the euro area : long-run benefits and short-run costs / Günter Coenen; Matthias Mohr; Roland Straub.
    (2008) In: Economic modelling. – Bd. 25.2008, 5, (Sep.2008) S. 912-932.

    prüfen & bestellen Zeitschrift verfügbar? EconBiz Google-Scolar Scirus - Elsevier Biznar - Deep Web Business Search
  • Fiscal consolidation in the euro area : long-run benefits and short-run costs / by Günter Coenen, Matthias Mohr and Roland Straub.
    (2008) Working paper series / European Central Bank ; 902; Online-Ressource, (48 S.).

    PDF-Volltext PDF-Volltext prüfen & bestellenEconBizGoogle-ScolarBibliotheksVerbund BayernScirus - Elsevier
  • Fiscal consolidation in the Euro area : long-run benefits and short-run costs / by Günter Coenen, Matthias Mohr and Roland Straub.
    (2008) Working paper series / European Central Bank ; Eurosystem; 46 S.

    prüfen & bestellen EconBiz Google-Scolar Google BibliotheksVerbund Bayern Scirus - Elsevier

Debt stabilizing fiscal rules / Philippe Michel; Leopold von Thadden; Jean-Pierre Vidal.

  • Debt stabilizing fiscal rules / Philippe Michel; Leopold von Thadden; Jean-Pierre Vidal.
    (2010) In: Journal of public economic theory. – Bd. 12.2010, 5, (Okt.2010) S. 923-941.

    prüfen & bestellen Zeitschrift verfügbar? EconBiz Google-Scolar Scirus - Elsevier Biznar - Deep Web Business Search
  • Debt stabilizing fiscal rules / by Philippe Michel, Leopold von Thadden and Jean-Pierre Vidal.
    (2006) Working paper series / European Central Bank ; 576; Online-Ressource, (53 S., 787 KB).

    PDF-Volltext PDF-Volltext prüfen & bestellenEconBizGoogle-ScolarBibliotheksVerbund BayernScirus - Elsevier
  • Debt stabilizing fiscal rules / by Philippe Michel, Leopold von Thadden and Jean-Pierre Vidal.
    (2006) Working paper series / European Central Bank ; 576; 53 S.

    prüfen & bestellen EconBiz Google-Scolar Google BibliotheksVerbund Bayern Scirus - Elsevier

The stability and growth pact, fiscal policy institutions and stabilization in Europe / Carlos Fonseca Marinheiro.

  • The stability and growth pact, fiscal policy institutions and stabilization in Europe / Carlos Fonseca Marinheiro.
    (2008) In: International economics and economic policy. – Berlin. – Bd. 5.2008, 1/2, (Jul.2008) S. 189-207.

    prüfen & bestellen Zeitschrift verfügbar? EconBiz Google-Scolar Scirus - Elsevier Biznar - Deep Web Business Search

From stimulus to consolidation : revenue and expenditure policies in advanced and emerging economies / a staff team led by Benedict Clements, Victoria Perry, and Juan Toro.

  • From stimulus to consolidation : revenue and expenditure policies in advanced and emerging economies / a staff team led by Benedict Clements, Victoria Perry, and Juan Toro.
    (2010) Departmental paper ; 2010/3; Online-Ressource (PDF-Datei: X, 110 S.).

    PDF-Volltext prüfen & bestellenMonografie verfügbar?WorldCat - WeltkatalogEconBizGoogle-Books
  • From stimulus to consolidation : revenue and expenditure policies in advanced and emerging economies / a staff team led by Benedict Clements, Victoria Perry, and Juan Toro.
    (2010) Washington, DC; IX, 110 S.

    prüfen & bestellen Monografie verfügbar? Inhaltsverzeichnis WorldCat - Weltkatalog EconBiz Google-Books

What makes fiscal consolidations last? : a survival analysis of budget cuts in Europe (1960 – 2004) / Reyes Maroto Illera; Carlos Mulas-Granados.

  • What makes fiscal consolidations last? : a survival analysis of budget cuts in Europe (1960 – 2004) / Reyes Maroto Illera; Carlos Mulas-Granados.
    (2008) In: Public choice. – Dordrecht. – Bd. 134.2008, 3/4, (Mar.2008) S. 147-161.

    prüfen & bestellen Zeitschrift verfügbar? EconBiz Google-Scolar Scirus - Elsevier Biznar - Deep Web Business Search

A practical guide to public debt dynamics, fiscal sustainability, and cyclical adjustment of budgetary aggregates / Julio Escolano.

  • A practical guide to public debt dynamics, fiscal sustainability, and cyclical adjustment of budgetary aggregates / Julio Escolano.
    (2010) Technical notes and manuals ; TNM/10/02; Online-Ressource (25 S.).

    PDF-Volltext prüfen & bestellenEconBizGoogle-ScolarBibliotheksVerbund BayernScirus - Elsevier

How do expenditure rules affect fiscal behaviour? / Peter Wierts.

  • How do expenditure rules affect fiscal behaviour? / Peter Wierts.
    (2008) Amsterdam; 22 S.

    PDF-Volltext prüfen & bestellenEconBizGoogle-ScolarBibliotheksVerbund BayernScirus - Elsevier

Fiscal consolidations with external imbalances / by Salvador Barrios and Sven Langedijk.

  • Fiscal consolidations with external imbalances / by Salvador Barrios and Sven Langedijk.
    (2010) In: External imbalances and public finances in the EU. – Luxembourg. – 2010, S. 107-128.

    prüfen & bestellen Monografie verfügbar? EconBiz Google-Books Google-Scolar Scirus - Elsevier Biznar - Deep Web Business Search

Successful budget consolidation : an international comparison / Bertelsmann Stiftung (ed.). Uwe Wagschal; Georg Wenzelburger.

Budgetary stabilisation and the level of public debt / Niko Gobbin.

  • Budgetary stabilisation and the level of public debt / Niko Gobbin.
    (2008) In: Economic spillovers, structural reforms and policy coordination in the Euro Area. – Heidelberg. – 2008, S. 107-127.

    prüfen & bestellen Monografie verfügbar? EconBiz Google-Books Google-Scolar Scirus - Elsevier Biznar - Deep Web Business Search

Sustainability of public debt / edited by Reinhard Neck and Jan-Egbert Sturm.

What promotes fiscal consolidation : OECD country experiences / by Stéphanie Guichard, Mike Kennedy, Eckhard Wurzel and Christophe André.

  • What promotes fiscal consolidation : OECD country experiences / by Stéphanie Guichard, Mike Kennedy, Eckhard Wurzel and Christophe André.
    (2007) Economics Department working papers / Organisation for Economic Co-operation and Development ; 553; 37 S.

    Volltext prüfen & bestellen EconBiz Google-Scolar BibliotheksVerbund Bayern Scirus - Elsevier

Fiscal stimulus and the promise of future spending cuts / Volker Wieland.
Recent evaluations of the fiscal stimulus packages recently enacted in the United States and Europe such as Cogan, Cwik, Taylor and Wieland (2009) and Cwik and Wieland (2009) suggest that the GDP effects will be modest due to crowding-out of private consumption and investment. Corsetti, Meier and Mueller (2009a,b) argue that spending shocks are typically followed by consolidations with substantive spending cuts, which enhance the short-run stimulus effect. This note investigates the implications of this argument for the estimated impact of recent stimulus packages and the case for discretionary fiscal policy. — Fiscal Multiplier ; Fiscal Stimulus ; Discretionary Fiscal Policy ; New Keynesian Model ; Crowding-out ; Government Spending ; Macroeconomic Modelling

  • Fiscal stimulus and the promise of future spending cuts / Volker Wieland.
    (2010) In: International journal of central banking. – Bd. 6.2010, 1, (Mar.2010) S. 39-50.

    prüfen & bestellen Zeitschrift verfügbar? EconBiz Google-Scolar Scirus - Elsevier Biznar - Deep Web Business Search
  • Fiscal stimulus and the promise of future spending cuts / Volker Wieland.
    (2009) Discussion paper series / Centre for Economic Policy Research ; 7615 : International macroeconomics; 15 S.

    prüfen & bestellen EconBiz Google-Scolar Google BibliotheksVerbund Bayern Scirus - Elsevier
  • Fiscal stimulus and the promise of future spending cuts : a comment / Volker Wieland.
    (2009) CFS working paper ; 2009,26; Online-Ressource (15 S.).

    Volltext Volltext prüfen & bestellen EconBiz Google-Scolar BibliotheksVerbund Bayern Scirus - Elsevier

The debt limit : history and recent increases / D. Andrew Austin and Mindy R. Levit.

  • The debt limit : history and recent increases / D. Andrew Austin and Mindy R. Levit.
    (2011) In: North American economic and political developments. – 2011, S. 11-31.

    prüfen & bestellen Monografie verfügbar? EconBiz Google-Books Google-Scolar Scirus - Elsevier Biznar - Deep Web Business Search
  • The debt limit : history and recent increases / D. Andrew Austin and Mindy R. Levit.
    (2009) In: Current politics and economics of the United States, Canada and Mexico. – Bd. 11.2009, 3, S. 345-371.

    prüfen & bestellen Zeitschrift verfügbar? EconBiz Google-Scolar Scirus - Elsevier Biznar - Deep Web Business Search

The analysis of budget consolidations ; concepts, research design and measurement / Georg Wenzelburger.

  • The analysis of budget consolidations ; concepts, research design and measurement / Georg Wenzelburger.
    (2009) In: Journal of economic and social measurement. – Amsterdam. – Bd. 34.2009, 4, S. 269-291.

    prüfen & bestellen Zeitschrift verfügbar? EconBiz Google-Scolar Scirus - Elsevier Biznar - Deep Web Business Search
Bookmark/share via AddInto

Leave a Reply

  

  

  

 

Wiwi-Werkbank

Wir präsentieren hier Literaturlisten und andere Werkzusammenstellungen zu aktuellen Wirtschaftsthemen