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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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-national public finance data of the German Laender between 1950 and 2015 and find that their fiscal policy only partly meets fiscal …
Persistent link: https://www.econbiz.de/10011811360
-national public finance data of the German Laender between 1950 and 2015 and find that their fiscal policy only partly meets fiscal …
Persistent link: https://www.econbiz.de/10011814265
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