This paper compiles the Intertemporal Public Sector Balance Sheets for all G7 countries and examines their relationship with government borrowing costs. In 2018, all G7 countries have negative Intertemporal Net Financial Worth (INFW), falling short of their intertemporal budget constraint. A...

Open Government – Grundlagen und Ursprünge eines offenen Regierungs- und Verwaltungshandelns auf nationaler und internationaler Ebene -- Transparenz 2.0 -- Offene Daten und offene Verwaltungsdaten – Öffnung von Datenbeständen -- Open Budget – Öffnung des Haushaltswesens --...

This paper examines the effects of demographic change on public finances in a federal system. We develop a simple methodical procedure to measure the effect of demographic changes on public revenues and expenditures. We apply our method to the local, state and federal government sector as well...