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Trotz der aktuell guten Finanzlage der deutschen Kommunen geht die Schere zwischen finanzstarken und -schwachen Kommunen weiter auseinander. Die Aufnahme von Krediten bleibt eine wichtige Finanzierungsquelle der Städte und Gemeinden. Das Kommunalgeschäft wird an Bedeutung gewinnen, unterliegt...
Persistent link: https://www.econbiz.de/10011617644
In 2009 a new law on German debt brakes was passed: state governments are not allowed to run structural deficits after 2020. Consolidation strategies initiated today influence if a state can comply with the debt brake in 2020. We describe to what extent government ideology predicts if state...
Persistent link: https://www.econbiz.de/10011414651
This paper analyzes recent macroeconomic developments in the eurozone, particularly in Germany. Several economic …. This paper explains Germany's hesitancy to protect its economy, which has been based on a political and historical ideology …
Persistent link: https://www.econbiz.de/10012165421
The present paper analyzes expectations of German politicians about the German debt brake (Schuldenbremse), which became part of the German constitution in 2009. This fiscal rule requires the federal government and the German states to run a (cyclically adjusted) budget deficit of no more than...
Persistent link: https://www.econbiz.de/10010336744
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Fiscal consolidation in Greek and German local governments differs for many reasons. While some German local governments experienced a long period of austerity, driven by economic decline and federal and state measures, the global financial crisis and "troika" programme caused the need for harsh...
Persistent link: https://www.econbiz.de/10012587011
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Persistent link: https://www.econbiz.de/10011517596
The wage paid to politicians affects both the choice of citizens to run for an elective office and the performance of those who are appointed. First, if skilled individuals shy away from politics because of higher opportunities in the private sector, an increase in politicians' pay may change...
Persistent link: https://www.econbiz.de/10003896409