V. Wieland’s research while affiliated with Goethe University Frankfurt and other places

... Instead, the elements of the old scheme have been transformed into new redistributive instruments. Most of these new instruments are expected to even worsen the incentives the system exerts (Scherf 2020b; Buettner and Goerbert 2016; Feld et al. 2016). However, quantitative evidence on the scal incentives of the new scheme is missing so far. ...

Reference:

Skimming the Achieved? – Quantifying the Fiscal Incentives of the German Fiscal Equalization Scheme and its Reforms since 1970

... Against the solidarity union German economists have launched a remarkable defensive operation. The Kronberger Kreis, a think tank that 'develops ordo-political reform concepts' (Feld et al., 2016) came forward with a report rejecting debt pooling and proposing instead a nationally embedded 'stability union' with 'unbreakable' fiscal rules (Feld et al., 2012, p. 28). He who breaks the rules has 'forfeited' his membership (Feld et al., 2012, p. 1). ...

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The Religious Foundations of the European Crisis

... Universitäten haben, wie eingangs bereits erwähnt, einen besonderen Stellenwert im deutschen Bildungssystem. Dieser speist sich aus dem Verständnis, dass die Investition in tertiäre Bildung sowohl persönlichen als auch kollektiven Nutzen generiert (Feld et al. 2013). Dem entgegen steht die beobachtbare Geringschätzung ebendieser seitens der Fiskalpolitik des Gesetzgebers ( Frey et al. 2012). ...

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Experimentelle Präferenzmessung innovativer Organisationsmodelle für öffentliche Universitäten

... 123 AEUVinsbesondere wenn es auf eine bloße Umgehung des Verbots von Direktkäufen hindeutet -eingestuft werden, ist Gegenstand zahlreicher ökonomischer Diskussionen (vgl. beispielsweise Matthes und Demary, 2013;Feld et al., 2016;Winkler, 2018;Hansen und Meyer, 2020;Havlik und Heinemann, 2021;Kooths, 2022;Meyer, 2022 Maßnahmen der EZB die Anleiherenditen der Tauben überproportional gesunken sind. Dies wird im Nachfolgenden detaillierter untersucht. ...

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Staatsanleiherenditen in der Eurozone: Anzeichen für eine fiskalische Dominanz? (Sovereign Bond Yields in the Eurozone: Evidence of Fiscal Dominance?)

... • GDP-linked bonds have returns indexed to the real growth rate of GDP. There are two variants of indexation, coupon-indexed or floaters Borensztein and Mauro, 2004) and principalindexed or linkers (Kamstra and Schiller, 2009; see also Benford et al, 2018). ...

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State contingent debt as insurance for euro-area sovereigns

... It is evident that the proponents of the doctrine welcome an environment in which financial market participants can act as the ultimate arbiters of fiscal policy. While members of the German Council of Economic Experts belong to the most enthusiastic proponents of the doctrine (Feld et al., 2016), the preoccupation with moral hazard problems caused by implicit government guarantees and faith in the market mechanism as a prudent disciplining device are firmly entrenched in the economics establishment (e.g. Corsetti et al., 2016). ...

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The Political Economy of Financialization in the United States, Europe and India: Debate: Financialization in the United States, Europe and India

... See Section 2.2 and the references provided in Endnote 16. 6 These aspects include debt dynamics (see, e.g., House and Tesar (2015) and Schumacher and Weder di Mauro (2015); external dependence and sudden stop issues (see, e.g., Gross (2013), Reinhart and Trebesch (2015), and Gourinchas et al. (2016)); contagion effects (e.g., Mink and De Haan (2013)), political economy aspects of the policies selected by national, supranational, and international institutions to deal with the crisis (see, e.g., De Grauwe (2013) and Ardagna and Caselli (2014)); bargaining outcomes in dealing with the crisis and the role of austerity (e.g., Zettelmeyer et al. (2013)); and the interaction between external government debt crisis and a bank run prolonging the ensuing recession (e.g., Arellano et al. (2015)). There is also a number of policy discussions highlighting the role of particular institutions for the economic policy effects during the crisis (see, e.g., the postings in VOX by Bulow and Rogoff (2015), Feld et al. (2015), Manasse (2015), and Mody (2015)). 7 The time series of WPR and TSL for Greece are plotted in Figure 15 in the Appendix. ...

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Market and political power interactions in Greece: an empirical investigation