Green fiscal reforms would contribute to climate change mitigation, increase the economic efficiency of national tax systems and provide additional public revenues. Some countries in Latin America have already taken first steps towards green fiscal reforms. This outlook article provides an...

The G7 was established as a reaction to the economical and political crises of the mid-nineteen seventies. Its further development towards a complex G7/G8 - system becomes especially apparent in the example of politics of currencies and finance. The group’s possibilities to act effectively are...

Employing the Modern Monetary Theory (MMT), this paper examines the current Chinese fiscal system and highlights its three characteristics. First, fiscal revenues are centralized at the central government while expenditures are decentralized at the local governments; second, fiscal spending...