Potrafke, Niklas; Reischmann, Markus - ifo Leibniz-Institut für Wirtschaftsforschung an der … - 2012
Fiscal sustainability tests have largely ignored the institutional setting of fiscal policy making. Fiscal equalization … policies taking intoaccount fiscal equalization transfers. Using panel data techniques we assess fiscal sustainability by … schemes in federal states are one such institution. We examinewhether German state governments pursue sustainable fiscal …