Using an estimated large-scale New-Keynesian model, we assess welfare and business cycle consequences of a fiscal union within EMU. We differentiate between three different scenarios: public revenue equalisation, tax harmonisation and a centralised fiscal authority. Relative to the status quo,...

This book explores the IMF's role within the politics of austerity by providing a path-breaking comprehensive analysis of how the IMF approach to fiscal policy has evolved since 2008, and how the IMF worked to alter advanced economy policy responses to the global financial crisis (GFC) and the...

Subventionen sind selektive Vergünstigungen, die Bund, Länder, Gemeinden und andere staatliche Einrichtungen zugunsten ausgewählter Produktionszweige und letztlich bestimmter Personengruppen gewähren. Ein umfassendes Bild des Volumens der Subventionen ergibt sich nur dann, wenn neben den...

The report provides an overview of environmentally harmful subsidies in Germany and makes proposals for their reform or reduction. It focuses on subsidies that have a negative impact on the environmental goods climate, air, soil, water, biodiversity and landscape, as well as on health and the...