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This paper explores how state fiscal institutions and political circumstances affect the dynamics of state taxes and spending during periods of fiscal stress. The analysis focuses on the late 1980s, when sharp economic downturns in several regions, coupled with increased expenditure demands, led...
Persistent link: https://www.econbiz.de/10013223333
Im NRW-Landtag fand am 15.12.2012 eine öffentliche Anhörung zum Vorschlag der CDU-Fraktion zur Einführung einer Schuldenbremse in die Verfassung des Landes NRW statt, zu der auch das IMK geladen war. Der vorliegende Policy-Brief dokumentiert die diesbezügliche schriftliche Stellungnahme des...
Persistent link: https://www.econbiz.de/10010473022
This paper analyses the shortcomings of the current budget rules for the Bundesländer, especially the definition of public investment that is used as a deficit ceiling in Germany. Two alternative budget rules are analysed, the Swiss debt brake as well as a version incorporating a golden rule...
Persistent link: https://www.econbiz.de/10003516426
Übergangsregelung geben. Es kann also selbst bestimmen, wann es mit einer Haushaltskonsolidierung beginnt und welchen Teil des …
Persistent link: https://www.econbiz.de/10011911841
This paper explores how state fiscal institutions and political circumstances affect the dynamics of state taxes and spending during periods of fiscal stress. The analysis focuses on the late 1980s, when sharp economic downturns in several regions, coupled with increased expenditure demands, led...
Persistent link: https://www.econbiz.de/10012474582
Persistent link: https://www.econbiz.de/10015055059
Persistent link: https://www.econbiz.de/10003796102
Persistent link: https://www.econbiz.de/10011897588
This paper shows that in American states balanced budget rules are effective in enforcing fiscal discipline but they have no costs in terms of increased output variability. More specifically, we show that tighter fiscal rules are associated with larger average surplus and lower cyclical...
Persistent link: https://www.econbiz.de/10012473231