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| What determines fiscal policy? Berger, Helge ; Holler, Anika ; ; Universität <Berlin, Freie Universität> / Fachbereich Wirtschaftswissenschaft |
| Main title | What determines fiscal policy? |
| Subtitle | Evidence from German states |
| Author | Berger, Helge |
| Author | Holler, Anika |
| Editor | Universität <Berlin, Freie Universität> / Fachbereich Wirtschaftswissenschaft |
| No. of Pages | 65 S. |
| Series | ; 2008,12 : Volkswirtschaftliche Reihe |
| Keywords | German Länder, fiscal policy, public spending, public debt, extreme bounds analysis, governance |
| Classification (DDC) | 337 International economics 339 Macroeconomics and related topics |
| Also published in | |
| Abstract | This 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 Department | Department Business and Economics |
| Other affiliation(s) | Lehrstuhl für Geldtheorie und Geldpolitik |
| Year of publication | 2008 |
| Type of document | Book |
| Language | English |
| Terms of use/Rights | Nutzungsbedingungen |
| Created at | 2009-08-04 : 12:29:15 |
| Last changed | 2016-01-05 : 02:38:13 |
| Static URL | http://edocs.fu-berlin.de/docs/receive/FUDOCS_document_000000002819 |
| ISBN | 3-938369-83-3 |
| DOI | 10.17169/FUDOCS_document_000000002819 |
| Statistics | |
