Sustainability of Swiss Fiscal Policy

descriptionPublicationkeyboard_double_arrow_right Article , Research , Preprint 01 Jan 2006 Switzerland English Publisher:Springer Science and Business Media LLCJournal:Swiss Journal of Economics and Statistics, volume 144, pages 57-83 (eissn: 2235-6282,

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Authors: Kirchgässner, Gebhard; Silika, Prohl;

doi: 10.1007/bf03399249 , 10.2139/ssrn.894212

handle: 10419/185883 , 10419/19153 , 20.500.14171/78507

Sustainability of Swiss Fiscal Policy

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Abstract

SummaryWe examine whether Swiss federal fiscal policy was sustainable over the period from 1900 to 2002. We perform unit root and cointegration tests for federal revenues and expenditures, taking into account a structural shift in the budgetary process related to World War II. We find sustainability considering the entire period. However, splitting the sample into two sub-samples before and after World War II, the results do much less support sustainability.

Country

Switzerland

Related Organizations

University of Zurich
Switzerland
University of St. Gallen
Switzerland

Keywords

cointegration, 330, Cointegration, budget deficit, ddc:330, Haushaltsdefizit, sustainability, budget deficit, cointegration, structural breaks, Sustainability; Budget Deficits; Cointegration; Structural Breaks, sustainability, Haushaltskonsolidierung, Sustainability, Structural Breaks, Schweiz, H63, Antizyklische Finanzpolitik, Budget Deficits, structural breaks, Schätzung, H62, jel: jel:H62, jel: jel:H63

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