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We study the fiscal policy reactions of municipalities in the German state of North Rhine-Westphalia to an unanticipated spending shock. The implementation of a horizontal transfer system led to additional contributions for selected municipalities. Using the quasi-random assignment, we examine...
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Die öffentlichen Haushalte auf allen Ebenen der Bundesrepublik Deutschland befinden sich in einer langfristig …
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Höppner and Kastrop examine the role of fiscal institutions and budgetary procedures in Germany with respect to the … developments in Germany in recent decades. It also examines budgetary prospects, pointing to the increasing share of public …
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