Abstract: Politische Erfolge und Misserfolge werden in der öffentlichen Debatte oft einzelnen Politikern und deren Kompetenz zugeschrieben. Für die Fiskalpolitik liegt nun eine erste umfassende Untersuchung vor, welche die Relevanz der politischen Entscheidungsträger und ihres persönlichen...

This paper focuses on risk premiums paid by central governments in Europe and sub-national governments in Germany, Spain, and Canada. With regard to the European governments, we are interested in how these premiums were affected by the introduction of the euro. Using data for bond yield spreads...

Monitoring progress towards meeting the Paris Agreement requires improving the tracking and measurement of public climate expenditure, investment, and revenues. This OECD working paper was prepared as part of the joint OECD-European Commission project on “Financing Climate Action in Regions...

Green budgeting is emerging at subnational levels as an important tool for regions and cities to use to align their expenditure and revenues with their green objectives, and enhance the transparency and accountability of their climate and environmental action. It is also a tool that subnational...