The global financial crisis, the EMU sovereign debt crisis and international financial regulation: lessons from a systematic literature review
S Meier, MR Gonzalez, F Kunze - International Review of Law and …, 2021 - Elsevier
To ensure the safety and soundness of the global financial system as well as individual
financial institutions and to reduce systemic risk, numerous policy measures and regulatory …
financial institutions and to reduce systemic risk, numerous policy measures and regulatory …
[HTML][HTML] Procyclicality of fiscal policy in European Union countries
Using real-time data, we examine whether fiscal policy has been counter-or procyclical in a
panel of 27 European Union (EU) member states over the period 2000–2015. We also …
panel of 27 European Union (EU) member states over the period 2000–2015. We also …
Do fiscal rules matter? A survey of recent evidence
T Brändle, M Elsener - Swiss Journal of Economics and Statistics, 2024 - Springer
Fiscal rules are argued to be important for sound and sustainable fiscal policies and have
been increasingly adopted over the last 20 years. As increased fiscal pressure and fiscal …
been increasingly adopted over the last 20 years. As increased fiscal pressure and fiscal …
Information asymmetry, leverage and firm value: Do crisis and growth matter?
Drawing on pecking order and agency cost theories, we assess the extent to which
information asymmetry is an important determinant of firm value and the extent to which this …
information asymmetry is an important determinant of firm value and the extent to which this …
[HTML][HTML] Do fiscal rules need budget transparency to be effective?
We examine whether fiscal rules' impact on fiscal performance depends on budget
transparency. Using panel data of 73 countries over the 2003–2013 period, we find that …
transparency. Using panel data of 73 countries over the 2003–2013 period, we find that …
Do EU fiscal rules support or hinder counter-cyclical fiscal policy?
M Larch, E Orseau, W Van Der Wielen - Journal of International Money and …, 2021 - Elsevier
Rather than stabilising aggregate demand, discretionary fiscal policy tends to amplify
cyclical fluctuations of output. The commonly accepted reasons are political economy and …
cyclical fluctuations of output. The commonly accepted reasons are political economy and …
Growth-friendly fiscal rules? Safeguarding public investment from budget cuts through fiscal rule design
We study patterns of public investment behavior during fiscal consolidations in seventy-five
advanced and emerging economies during 1990–2018 and find that results differ …
advanced and emerging economies during 1990–2018 and find that results differ …
Flexible fiscal rules and countercyclical fiscal policy
M Guerguil, P Mandon, R Tapsoba - Journal of Macroeconomics, 2017 - Elsevier
This paper assesses the impact of different types of flexible fiscal rules on the procyclicality
of fiscal policy with propensity scores-matching techniques, thus mitigating traditional self …
of fiscal policy with propensity scores-matching techniques, thus mitigating traditional self …
Do fiscal rules constrain political budget cycles?
We ask whether fiscal rules constrain incumbents from using fiscal policy tools for reelection
purposes. Using data on fiscal rules provided by the IMF for a sample of 77 (advanced and …
purposes. Using data on fiscal rules provided by the IMF for a sample of 77 (advanced and …
Promoting sustainable public finances in the European Union: The role of fiscal rules and government efficiency
New indices of fiscal rule strength are constructed and, using a dynamic panel econometric
model for 27 EU countries over the period 1990–2012, we assess whether national fiscal …
model for 27 EU countries over the period 1990–2012, we assess whether national fiscal …