Im Auftrag des Bayerischen Wirtschaftsministeriums untersucht die Studie die Auswirkungen einer verbindlichen Schuldenregel ab dem Jahr 2020 auf den aktuellen Haushalt des Freistaates Bayern. Durch den Einnahmeausfall infolge der Wirtschaftskrise und die gleichzeitig gestiegenen Landesausgaben...

After a description of the new forms of globalization currently shaping our world, and of their possible spatial effects, the book highlights which European regions have in the past succeeded in taking advantage of globalization trends and identifies the major reasons for their success. The book...

Every country faces what economists call an intertemporal (across time) budget constraint, which requires that its government's future expenditures, including the servicing of its outstanding official debt, be covered by its government's future receipts when measured in present value. The...

In May 2001, Germany adopted a fundamental pension reform cutting back public pensions and introducing personal pension accounts. The paper critically reviews the reform decisions and evaluates their long-term viability. It is shown that the adjustment of the Public Pension Scheme misses the...