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In recent years, a lot of rules concerning government expenditures as well as tax revenues were changed in Germany. Government expenditures in relation to GDP were reduced, income tax rates were lowered and the budget deficit declined. The structure of government expenditures changed in favor of...
Persistent link: https://www.econbiz.de/10010263551
In many countries, fiscal policy became strongly expansionary in order to fight the recession. Structural budget deficits increased sharply and might remain high after the end of the recession. This would raise real interest rates and would impair economic growth. Some measures to reduce the...
Persistent link: https://www.econbiz.de/10010265251
In the process of the German unification and especially after the formal unification in October 1990, Eastern Germany was supported by West Germany by a lot of measures. The main purposes were to improve the infrastructure, to stimulate private investment and to alleviate the adjustment process...
Persistent link: https://www.econbiz.de/10010265344
In the nineties, the German economy grew about half a percentage point less than the rest of the European Monetary Union (EMU). The paper deals with differences in fiscal policy as a potential reason for this. At least a part of the “growth gap” between Germany and the rest of the EMU can be...
Persistent link: https://www.econbiz.de/10010265528
In der Finanz- und Sozialpolitik Deutschlands hat es in den vergangenen Jahren viele Änderungen gegeben. Die Expansion der Staatsausgaben wurde begrenzt, die Einkommensteuersätze wurden reduziert und das Budgetdefizit des Staates verringert. Infolge der Begrenzung der Sozialleistungen hat die...
Persistent link: https://www.econbiz.de/10010273155
Der Kurs der Finanzpolitik in Deutschland hat sich im Verlauf des Jahres 1999 geändert. Ausgabenkürzungen wurden … durchgesetzt, deutliche Steuersenkungen sind geplant. Die Finanzpolitik fördert das Wachstum der Wirtschaft. Allerdings sind die …
Persistent link: https://www.econbiz.de/10010285353
Following the expenditure cuts decided upon by the German federal government in spring 1996, the impact of fiscal policy on the business cycle is investigated. The impulse given by fiscal policy is measured by the change of the structural general government budget surplus/deficit. It turned out...
Persistent link: https://www.econbiz.de/10010265309