In parliamentary demacracies, fiscal policies may be threatened by the unexpected termination of government tenure or by strong budget procedures. Our model implies that electoral rule and the type of the budgetary process help explain some of the striking differences observed in public finance...

Arguments are presented in the case of Eastern European transition countries for combining the restructuring of insolvent pay-as-you-go retirement systems with the introduction of mandatory, private, funded pensions. They involve the reduction of dead-weight loss, the return to formal activity...

A prototype multicoutry static microsimulation model has benn built to simulate tax and social benefits in a number of European countries. This part of a prepatory study funded by the the EC to examine the possibility of builiding a comprehensive EU wide integrated microsimulation model. The...