In this study, we analyze the cyclicality of fiscal policies in China during the period 1978-2013. We find that the cyclicality of local government spending in China significantly affects the cyclicality of total government spending. By employing both time-series and province-level panel data,...

In this study, we analyze the cyclicality of fiscal policies in China during the period 1978-2013. We find that the cyclicality of local government spending in China significantly affects the cyclicality of total government spending. By employing both time-series and province-level panel data,...

The economic literature often argues that basic income schemes and low wage subsidies to employees are just special cases of a negative income tax. In this debate, it is ignored that these concepts target different population subgroups. This paper investigates the different target groups and the...

Mit der Entscheidung für ein Konjunkturprogramm möchte die Bundesregierung die gegenwärtige Rezession bekämpfen. Georg Fahrenschon, Bayerischer Staatsminister der Finanzen, hält weitere Schritte zur Stabilisierung der Wirtschaft und zur Beschäftigungssicherung für dringend erforderlich,...