This book collects high-quality papers on issues related to the rebalancing strategy in China, new clean cities as “hubs’’, liability management, and involving the private sector, including through PPPs, with specific examples from Guangdong. Guangdong has been at the forefront of economic...

This volume contributes to empirical research on the role of national fiscal rules and institutions in shaping fiscal policies. It provides original, policy-oriented analysis on a number of questions and gives illuminating conclusions about the devices which promote sound and sustainable policy....

Wissenschaftliche Konzepte -- The Stakeholder View of Strategy (SHV) – A Comprehensive Approach to Harmonize Public and Entrepreneurial Interaction -- Möglichkeiten und Grenzen der Risikoallokation zur Effizienzsteigerung von PPP-Projekten -- Ordering in Public Private Partnerships: Zur...

'Nicht nur für den akademischen Unterricht, sondern zugleich auch für die politische Praxis': Günter Schmölders, Professor der Wirtschaftlichen Staatswissenschaften an der Universität zu Köln, schrieb 1970 'Finanzpolitik'. Auch heute noch, mehr als drei Jahrzehnte später, ist es das...

Today, the most pressing challenges for public economics are of macroeconomic nature: pensions, debt, income distribution, and fiscal sustainability. All these problems are compounded by the phenomenon of demographic transition and aging. This graduate textbook addresses these issues with the...

Introduction -- A Brief Survey of the Literature -- The Closed Economy: The Solow Model -- Overlapping Generations -- Infinite Horizon -- The Small Open Economy: The Solow Model -- Overlapping Generations -- Two Countries: The Solow Model -- Synopsis -- Conclusion -- Result

Starting point of this book is the observation that an increase in public debt must be accompanied by a rise in the primary surplus of the government to guarantee sustainability of public debt. The book first elaborates on that principle from a theoretical point of view and then tests whether...