Fiscal sustainability tests have largely ignored the institutional setting of fiscal policy making. Fiscal equalization schemes in federal states are one such institution. We examine whether German state governments pursue sustainable fiscal policies taking into account fiscal equalization...

In der Debatte um eine Neuordnung der Finanzverfassung kommt der vertikalen Finanzverteilung eine weitaus größere Rolle zu als der horizontalen Verteilung. In Hinblick auf die Neuregelung der Bund-Länder-Finanzbeziehungen ab 2020 plädiert die Thüringer Ministerin Walsmann für ein...

This paper provides a characterization of the fiscal policy framework in four established federal countries with heterogeneous intergovernmental relations and demographic characteristics: Canada, Germany, Switzerland and the United States. We consider the implications of fiscal federalism from...

Fiscal sustainability tests have largely ignored the institutional setting of fiscal policy making. Fiscal equalization schemes in federal states are one such institution. We examinewhether German state governments pursue sustainable fiscal policies taking intoaccount fiscal equalization...