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The Handbook of Public Finance provides a definitive source, reference, and text for the field of public finance. In 18 … standard material of public finance, it explores the connections between that material and such neighboring fields as political …
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This paper provides evidence that most German states (Laender) have unsustainable public finances by exploiting a newly compiled database covering the years 1950‐2011. Although the Laender are closely intertwined we are the first to apply “second generation” panel techniques that control...
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