The political economy of the German Länder deficits: weak governments meet strong finance ministers
نویسندگان
چکیده
منابع مشابه
The Political Economy of Finance
The regulations that shape the design and the operations of corporations, credit and securities markets differ vastly from country to country. In addition, similar regulations are often unequally enforced in different countries. Economists still have an imperfect understanding of why these international differences exist and of whether they tend to persist over time. However, a recent strand of...
متن کاملResearch Area Markets and Politics Research Unit Market Processes and Governance Schwerpunkt Märkte Und Politik Abteilung Marktprozesse Und Steuerung the Political Economy of the German Länder Deficits
We analyze the deficits of the German Länder for the period from 1960 to 2005 and test a number of hypotheses derived from the literature on the political economy of public deficits. Estimating a dynamic panel data model, we find evidence for political opportunism in the spirit of Rogoff and Sibert: German voters seem to favor fiscal discipline as debt issue is significantly lower in pre-electi...
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ژورنال
عنوان ژورنال: Applied Economics
سال: 2011
ISSN: 0003-6846,1466-4283
DOI: 10.1080/00036840903194246