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...

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...

Facing very modest GDP growth in Germany in 2001 and 2002, it is investigated if potential output will – as usually expected – grow by 1.5 to 2.0 percent until 2005. The incentives to work and to invest and their changes in the nineties are analyzed. Given the foreseeable changes of these...

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...

Facing the general election in 2013, the level of the income tax is a major issue of the economic policy debate in Germany. The paper presents data on the income tax burden in the period 1958-2012. The data refer to specific levels of real income as well as to specific levels of income in...

Dieser Artikel beschäftigt sich mit den Unterschieden zwischen Geld- und Fiskalpolitik, die für die unterschiedliche institutionelle Ausgestaltung dieser beiden Bereiche der Wirtschaftspolitik in der Europäischen Union verantwortlich sind. Während die Geldpolitik politisch unabhängig auf...

The mapping of frequency rates of events is an important tool for guiding public policy. Nevertheless, this problem has not received adequate attention by most researchers. In many studies, the used ratios have serious problems when the geographic units have a small population at risk and when...

This study suggests an alternative approach, nested in exogeneity tests, to verify Ricardian Equivalence. The intuitive appeal and the sophisticated statistical method are the advantage of this new procedure. Furthermore, two others contributions are made: a) an explanation to the failure of...

This paper examines whether fiscal illusion can help to explain the behavior of federal government expenditures in Brazil during period 1990-2011. The analyses is based on a median voter model that admits that the degree of tax visibility may affect the individual's perception of his tax burden...

There is a lot of debate about the fiscal impact of the National Treasury loans to BNDES. Given that the interest rates of the loans are mostly indexed to TJLP, there is, in principle, a fiscal cost equal to the difference between TJLP and the market rates of Treasury debt. However, this...