Die öffentlichen Haushalte auf allen Ebenen der Bundesrepublik Deutschland befinden sich in einer langfristig angelegten, strukturellen Krise. Die Diskrepanzen zwischen den als unabweisbar angesehenen Finanzbedarfen und den Möglichkeiten der Einnahmenerzielung wachsen ständig. Die Folge ist...

The release of the final draft of the Consultative Committee (Con-Com) to Review the 1987 Constitution, officially designated as “Bayanihan Federalism”, has spurred vigorous debate, with much discussion focusing on the fiscal repercussions of moving towards a federal form of government. This...

This paper examines the relationship between federal transfers and fiscal deficits in India. The system of federal transfers has been criticized on the grounds that it distorts the incentives for states to promote fiscal discipline. We analyze the relationship between transfers, state domestic...

This paper examines the relationship between federal transfers and fiscal deficits in India. The system of federal transfers has been criticized on the grounds that it distorts the incentives for states to promote fiscal discipline. We analyze the relationship between transfers, state domestic...