• Does Austerity Pay Off? 

      Born, Benjamin; Müller, Gernot J.; Pfeifer, Johannes (2015-02-01)
      We ask whether cuts of government consumption lower or raise the sovereign default premium. To address this question, we set up a new data set for 38 emerging and advanced economies which contains quarterly time-series ...
    • Fiscal Stimulus and Labor Market Flexibility 

      Topal, Pinar (2015-03-03)
      This paper investigates whether a fiscal stimulus implies a different impact for flexible and rigid labour markets. The analysis is done for 11 advanced OECD economies. Using quarterly data from 1999 to 2013, I estimate a ...