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Climate change economics mostly neglects sizeable interactions of carbon pricing with other fiscal policy instruments. Conversely, public finance typically overlooks the effects of future decarbonization efforts when devising instruments for the major goals of fiscal policy. We argue that such a...
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The level and composition of public expenditures and revenues both have implications for economic development, as shown … distribution-friendly expenditures in a crisis. …
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of different government sub-sectors on aggregate GDP in Germany. From a general government perspective, the results show … that besides investment, it is particularly changes in social contributions that yield significant output effects. The GDP … expenditures at all public authorities (central, state and local) trigger positive and statistically significant output effects at …
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