Der Autor zeigt, wie die Kennziffer Staatsverschuldung zu Bruttosozialprodukt beeinflußt werden kann. Die Veränderungen der Verschuldung hängen von der Entwicklung einzelner Variabler und ihrer Veränderung im Zeitablauf ab: Staatsausgaben, Bruttosozialprodukt, Transfers aus dem Ausland an...

While business cycles are crucial for determining the dynamics of government budget deficits, it is rare to find an analysis of optimal fiscal rules that are designed to cope with the asymmetric behavior of fiscal variables during the cycle. In this paper I characterize the dynamics of budget...

This paper examines the policy option of providing government assistance to families with young children and financing it by increasing income taxes when the children leave home and the parents' wages rise due to their tenure in the labor market. We examine the expenditure composition and the...