The study develops a budget consolidation strategy for Austria that does not endanger the fragile recovery while at the same time promoting distrbutional justice. As a first step a literature review on the macroeconomic effects of discreationary fiscal policy is given. As a second step two...

Forecasting business-cycle turning points under real-time conditions One of the greatest challenges in business cycle research is the timely and reliable identification of cyclical turning points.The data availability in real time constitutes a fundamental problem:First there is a publication...

The study provides an empirical analysis of the effects of cyclical fluctuations - including those of the current economic crisis - on revenues and expenditures of the German public pay-as-you-go pension system on the one hand. On the other hand the pension reforms of the most recent decade are...

This IMK Study is a documentation of the IMK's macro-econometric model of the German economy. Currently the model includes 48 behavioural equations, which are usually specified as error-correction equations, and 61 definitions. The model is based on seasonally unadjusted quarterly national...

At a time with growing fears of excessive government debt and of overburdened future generations Swiss fiscal policy seems to be the virtuous role model to be followed. Whereas almost everywhere else government debt has been increasing dramatically after the global economic and financial crisis...

Der bundesdeutsche Länderfinanzausgleich bedarf der Reform, weil seine rechtlichen Grundlagen, das Maßstäbegesetz und das Finanzausgleichgesetz, bis 2019 befristet sind. Zudem haben mit Bayern und Hessen zwei Geberländer Verfassungsklage gegen die jetzigen Regelungen eingereicht. Die immer...

The study assesses the fiscal effects of (re-)introducing the general wealth tax for the public budget of the German federal state Hessen. In order to increase public spending in crucial areas such as education, research, child care and infrastructure, a structural increase in tex revenue is...

The debt brake recently introduced into the German constitution forces the German federal states (Länder) to run structurally balanced budgets form 2020 onwards. The study is preoccupied with the potential effects of the debt brakes on the budget of the federal state of Hessen in the transition...