Arbeitspapier
Effects of Fiscal Rules - 85 Years' Experience in Switzerland
The paper investigates the fiscal effects of Swiss cantonal debt brakes by taking explicitly into account the rules' coverage. An in-depth analysis provides unique evidence that suggests the following: First, fiscal rules at the cantonal level have a negative effect on public deficits, which is stronger the better the analyzed budget position corresponds with the variable targeted by the rules. Second, cantonal debt brakes are rather not associated with substantial evasive measures. Third, cantonal fiscal rules tend to mitigate political budget cycles and shock-related deficits.
- Sprache
-
Englisch
- Erschienen in
-
Series: CESifo Working Paper ; No. 6063
- Klassifikation
-
Wirtschaft
State and Local Budget and Expenditures
State and Local Borrowing
Intergovernmental Relations; Federalism; Secession
Political Processes: Rent-seeking, Lobbying, Elections, Legislatures, and Voting Behavior
Other Substantive Areas of Law: Other
- Thema
-
Switzerland
fiscal rule
debt brake
budget cycle
election
fiscal shock
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Burret, Heiko T.
Feld, Lars P.
- Ereignis
-
Veröffentlichung
- (wer)
-
Center for Economic Studies and ifo Institute (CESifo)
- (wo)
-
Munich
- (wann)
-
2016
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:43 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Burret, Heiko T.
- Feld, Lars P.
- Center for Economic Studies and ifo Institute (CESifo)
Entstanden
- 2016
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