Introduction: The Relevance and Conceptualisation of Local Public Finance Regulatory Regimes -- PART I. Concepts of Regulation -- Budget Institutions for Subnational Fiscal Discipline: Local Fiscal Rules in Post-Crisis EU Countries -- Fiscal Rules at the Local Level: The Challenge of Enforcement...

Funktionsweise des Systems Kommune -- Kommunale Verschuldung und die Gefährdung der Fähigkeit zur Aufgabenerfüllung -- Identifizierung von Schwächen im geltenden System zur Sicherung der stetigen Aufgabenerfüllung -- Entwicklung und Vergleich rechnungswesenbasierter Systeme zur...

The multiple attempts to restore confidence in the eurozone over the 18 months that have passed since the first Greek rescue in May 2010, have clearly failed. Indeed, following each round of emergency measures agreed by the eurozone summits, matters have turned for the worse. This contribution...

The American system of political economy surely faces a fiscal crisis illustrated by but not limited to a trend of growing deficits and debt that cannot continue. What can’t continue won’t continue. In what fashion change occurs will be governed by forthcoming interactions between power and...

We develop a general equilibrium model with a detailed structure of government expenditures and revenues, calibrate it to the Greek and German economies, and use it to study the link between fiscal discipline and defaults. We show that even if the Greek government had entered the Great Recession...

This book is based upon a comparative public administration research project, initiated by the Hertie School of Governance (Germany) and the Bertelsmann Foundation (Germany) and supported by a network of researchers from many EU countries. It analyzes both the regimes and the practices of local...