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slowdown demonstrate. We analyse the progress that is underway in the current budgetary governance framework in the EU … Bonds, the European Financial Stability Facility, Euro+ Pact and Europe 2020. This paper surveys supranational governance in … the EU, and the coordination of national policies, including concepts of fiscal federalism, multi-level governance and …
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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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Over the past four decades, the accumulation of policy legacies and public debt has led to a decline in fiscal flexibility in Germany and the United States. By applying an index of fiscal democracy to Germany, the paper illustrates the associated shrinkage of democratic control over budget...
Persistent link: https://www.econbiz.de/10008698146
This paper builds on institutional analysis to generate new conclusions about the economic viability of federalism. It does so by suggesting that Weingast´s seminal model of marketpreserving federalism falls short of accounting for the poor fiscal performance of multitiered systems in the...
Persistent link: https://www.econbiz.de/10008905868
Seit Anfang der 1970er-Jahre lässt sich eine graduelle Verschärfung der fiskalischen Situation moderner Staaten beobachten. Chronisch gewordene Defizite und eine dramatisch gestiegene Staatsverschuldung sind zu einer beherrschenden Rahmenbedingung wohlfahrtsstaatlicher Politik geworden. Das...
Persistent link: https://www.econbiz.de/10003971000