Sustainablity of Austrian public debt is investigated in the context of political objectives such as stabilizing the business cycle, increasing chances for being re-elected and implementing the ideologies of political parties. Several tests indicate that Austrian fiscal policies were sustainable...

Since the new German federal government has imposed tight fiscal policy restrictions on itself, a pragmatic approach is needed to finance the spending requirements of the transformation. The financing instruments mentioned in the coalition agreement appears to be suitable in principle for...

In this article, after a brief sketch of the fiscal strategy of the German Government and the current budgetary situation, it is first argued that the current budget dispute could have been avoided because the coalition essentially created the dispute through two fiscal (mid)decisions last year....

Der Tagungsband zur Arbeitstagung 2004 des Finanzwissenschaftlichen Ausschusses zum Thema 'Haushaltsdisziplin und öffentliche Verschuldung' bietet in vier Beiträgen einen kompetenten Überblick über Erklärungsansätze für die angespannte Lage der öffentlichen Haushalte und über...

The financial and economic crisis in the Euro area has revealed a number of important flaws in the economic policy framework in Europe. On the one hand, the imbalances, which have dominated European development since the introduction of the euro, are not sustainable; and this is more serious in a...