Many South Asian countries experienced changes in government and strong economic growth since the early 2000s. Poverty and social exclusion have received growing attention, and many governments in the region strengthened their commitments to ensure equal access to basic healthcare, education and...

Many South Asian countries experienced changes in government and strong economic growth since the early 2000s. Poverty and social exclusion have received growing attention, and many governments in the region strengthened their commitments to ensure equal access to basic healthcare, education and...

We examine whether US and German state governments pursue sustainable fiscal policies taking into account fiscal transfers. Using panel data techniques we investigate whether the debt-to-GDP ratio had a positive influence on the primary surplus (Bohn-model). We show that including/excluding...

Achieving France's medium-term fiscal targets will require significant expenditure efforts. This paper identifies areas where there is scope for increasing expenditure efficiency, with a view to achieving higher quality and more sustainable fiscal consolidation. The methodology is based on a...

Contemporary research has frequently stressed the resilience of welfare states facing internal and external problem pressure or ideologically motivated attacks. Theoretical explanations of welfare state change have in part been eclipsed by explanations of its remarkable stability. But does the...

Recent research and events have brought fiscal policy back into the spotlight. Fiscal Taylor rules and error correction models have represented two different ways of quantifying the feedbacks from fiscal and economic conditions to fiscal policy decisions. This paper synthesizes these two ideas,...