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2007-04-04Buch DOI: 10.18452/4035
Fiscal Policy Rules in Practice
dc.contributor.authorThams, Andreas
dc.date.accessioned2017-06-15T23:23:52Z
dc.date.available2017-06-15T23:23:52Z
dc.date.created2007-04-11
dc.date.issued2007-04-04
dc.identifier.issn1860-5664
dc.identifier.urihttp://edoc.hu-berlin.de/18452/4687
dc.description.abstractThis 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.eng
dc.language.isoeng
dc.publisherHumboldt-Universität zu Berlin, Wirtschaftswissenschaftliche Fakultät
dc.subjectEuro Areaeng
dc.subjectFiscal policy ruleseng
dc.subjectPublic Debteng
dc.subjectFiscal Consolidationeng
dc.subject.ddc330 Wirtschaft
dc.titleFiscal Policy Rules in Practice
dc.typebook
dc.identifier.urnurn:nbn:de:kobv:11-10076646
dc.identifier.doihttp://dx.doi.org/10.18452/4035
dc.subject.dnb17 Wirtschaft
local.edoc.container-titleSonderforschungsbereich 649: Ökonomisches Risiko
local.edoc.pages23
local.edoc.type-nameBuch
local.edoc.container-typeseries
local.edoc.container-type-nameSchriftenreihe
local.edoc.container-volume2007
local.edoc.container-issue16
local.edoc.container-year2007
local.edoc.container-erstkatid2195055-6

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