In our view, who the real policy makers are as well as which the particular premises upon which a public policy is based have not been abundantly clarified. The fact that there are often plural possible alternatives available before decision on a critical issue is taken suggests the...

Abstract: Kassenkredite können im öffentlichen Haushaltswesen als kurzfristige Liquiditätshilfen eine hilfreiche Rolle spielen. Diese Grundüberzeugung erklärt, dass sich diese im öffentlichen Haushaltsrecht als Kassenverstärkungskredite bezeichneten Verschuldungsinstrumente in den...

This paper analyzes the trajectories of the Greek public deficit and sovereign debt over the last three decades and their connection to the political and economic environment, paying special attention to the causality between the public and the foreign deficit. The authors argue that, from 1980...