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Local governments in Japan account for about 80 per cent of general government spending when excluding social security expenditures. Therefore, for the implementation of fiscal policy it is important how local governments will behave. On the basis of the economic theories on fiscal federalism it...
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Soliman (political economy and political science, American University in Cairo, Egypt) conducts a political-economic analysis of the regime of the recently ousted Hosni Mubarak, who ruled Egypt for 30 years until the Egyptian popular uprising of 2011. His central argument, influenced by both...
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This paper shall give an overview of the implications to the sectoral balances stemming from the implementation of the Fiscal Compact in the Euro area in 2013. Since there is noew a more or less strict limit to deficit spending - absent from cyclical factors - some other sector has to make up...
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