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What determines fiscal policy?
Berger, Helge ;  Holler, Anika ;  Universität <Berlin, Freie Universität> / Fachbereich Wirtschaftswissenschaft

Main titleWhat determines fiscal policy?
SubtitleEvidence from German states
AuthorBerger, Helge
AuthorHoller, Anika
InstitutionUniversität <Berlin, Freie Universität> / Fachbereich Wirtschaftswissenschaft
No. of Pages65 S.
Series Diskussionsbeiträge des Fachbereichs Wirtschaftswissenschaft ; 2008/12 : Volkswirtschaftliche Reihe
KeywordsGerman Länder, fiscal policy, public spending, public debt, extreme bounds analysis, governance
Classification (DDC)337 International economics
339 Macroeconomics and related topics
Also published in
AbstractThis paper explores the factors behind the time path of real spending and revenue in the West German states from 1975 to 2004. The empirical approach stresses robustness and takes into account a large set of economic and political variables. Our results suggest that common economic factors and, to a smaller degree, state-specific economic developments are important determinants of state fiscal performance. In comparison, the influence of political factors is limited both in statistical and quantitative terms. Finally,
there is evidence that addressing governance problems and ensuring flexibility in terms of fiscal strategy are important ingredients for any policy aimed at improving fiscal outcomes at the state level.
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FU DepartmentDepartment Business and Economics
Other affiliation(s)Lehrstuhl für Geldtheorie und Geldpolitik
Year of publication2008
Type of documentBook
LanguageEnglish
Terms of use/Rights Nutzungsbedingungen
Created at2009-08-04 : 12:29:15
Last changed2014-01-23 : 04:20:10
 
Static URLhttp://edocs.fu-berlin.de/docs/receive/FUDOCS_document_000000002819
ISBN3-938369-83-3
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