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Abstract Since the fiscal equalization system among states in Germany was repeatedly the subject of controversial political discussions, there exist many proposals in economics for far-reaching reforms. However, these proposals are deficient because they do not take into account the necessity of...
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Abstract Public debt is one of the controversial and therefore most exciting subjects in the field of public finance. Since the 1970s many industrial countries constantly accumulated public dept, and this development was explained mainly from a public choice perspective. In the meantime the...
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