We take stock of what is known about public investment in the member states of the European Union, old and new alike. The interesting features about the long-term evolution of public investment have been its downtrend in old EU member states, bar the cohesion countries, and its volatility in new...

The primary objective of rule-based fiscal legislation at the subnational level in India is to achieve debt sustainability by placing a ceiling on borrowing and the use of borrowed resources for public capital investment by phasing out deficits in the budget revenue account. This paper examines...

Der Umfang finanzieller Ressourcen ist für den Handlungsspielraum politischer Akteure konstitutiv, was auch für Bern im 16. Jahrhundert gilt. Orientiert an modernen finanzwissenschaftlichen Vorgaben wird in dieser Arbeit Struktur und Umfang des Berner Staatshaus-haltes analysiert und zwar so,...

After the lost decade 1994-2004, marked by political instability and economic decline, Haiti has reformed significantly and revived growth, especially in the past three years. Macroeconomic policies implemented since mid-2004 helped restart economic growth, reestablish fiscal discipline, reduce...