Das Papier diskutiert die Ausgestaltung des EU Finanzsystems aus polit-ökonomischer Perspektive. Die jetzige Form der Umverteilung lässt sich aus ökonomischer Sicht nicht nachvollziehen; vielmehr kann dies als ein System von politischen Seitenzahlungen verstanden werden. Es wird argumentiert,...

This paper introduces a methodological innovation into Generational Accounting. By incorporating cyclically-adjusted balances into the forward-looking budget projections underlying the concept we isolate pure policy effects, which render comparisons of the fiscal sustainability indicators...

The paper investigates the effects of temporary consumption tax cuts using firm-level data. As part of its countercyclical measures implemented during the recent global economic crisis, Turkey temporarily lowered consumption taxes on selected durables. Using data on the change of sales of firms...

This study investigates whether fiscal policy is able to affect the trend of employment rate, triggering hysteresis independently from GDP behavior. I attempt to shed a light on this issue analyzing a Panel of 17 OECD countries, covering the period 1980-2009 with annual data. The effects of...

In a typical developing country, coverage of the contributory social security system is low. We analyze the aggregate effects of a revenue-neutral fiscal-cum-social policy reform that consists of: 1) the implementation of universal social insurance to replace the system with low coverage; and 2)...

In Ergänzung zu den Beiträgen im ifo Schnelldienst 22/2014 führt Steffen Kampeter, Bundesministerium der Finanzen, aus, dass bei entsprechenden Rahmenbedingungen die Mobilisierung privaten Kapitals für öffentliche Projekte sowohl für die öffentliche Hand als auch für die privaten...

This paper uses Granger causality tests on a fiscal sustainability indicator (FSI) and currency crises for 17 countries to evaluate the direction of causality between the FSI and currency crises. The FSI developed by Croce and Juan-Ramón (2003) is used. Also, different definitions for currency...

We review the main budgetary measures not accepted by the Portuguese Constitutional Court in the Budget Laws of 2012, 2013 and 2014. Considering the feedback effect of the fiscal impulse, the impact on the budget balance is -0.42% and of -0.34% of GDP respectively for 2013 and for 2014; in both...