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bestehenden Grenzwerte der Schuldenbremse als zu eng. Dies gilt umso mehr nach dem Urteil des Bundesverfassungsgerichts vom 15 … Potenzialwachstums mittels wettbewerbsfähiger Rahmenbedingungen kann eine Reform der Schuldenbremse ein lohnendes Projekt sein. Der … auf Investitionen zielführend. Eine objektiv richtige Ausgestaltung der Schuldenbremse gibt es nicht. Vielmehr kommt es …
Persistent link: https://www.econbiz.de/10014519763
The literature on socio economic implications of fiscal decentralization (FD) has recently been expanding, though only very few studies to day have looked at its macroeconomic effects. This paper investigates the relationship between FD and budget deficits. Using various measures of both...
Persistent link: https://www.econbiz.de/10011528373
This paper provides evidence that most German states (Laender) have unsustainable public finances by exploiting a newly compiled database covering the years 1950‐2011. Although the Laender are closely intertwined we are the first to apply “second generation” panel techniques that control...
Persistent link: https://www.econbiz.de/10011404634
This paper provides new evidence on the sustainability of public finances in German states (Laender) by exploiting a newly compiled database covering the years 1950 - 2011. Unlike previous studies on Germany, we analyze fiscal sustainability by applying "gsecond generation" panel cointegration...
Persistent link: https://www.econbiz.de/10010388585
Current U.S. fiscal policy, including the recently concluded “fiscal cliff” debt deal, is placing an enormous financial burden on today's children and on future generations in order to deliver government benefits to current middle-aged workers and their elders. Standard government accounting...
Persistent link: https://www.econbiz.de/10013082081
Creative accounting allows governments and, more particularly, finance ministers to somehow manage financial reports to achieve specific and possibly self-interested goals. It is usually used to hide deficits. It sometimes also helps to present financial performance as being more worrisome than...
Persistent link: https://www.econbiz.de/10011963006
im Antrag der SPD-Landtagsfraktion den Tatbestand einer Notsituation im Sinne der Schuldenbremse erfüllen, darf … zu finanzieren; die Einführung der Schuldenbremse folgte vor allem einer politökonomischen Begründung. Der Antrag der SPD … Schuldenbremse, sollten jedoch wichtigen Investitionsprojekten vorbehalten sein. …
Persistent link: https://www.econbiz.de/10014452447
Zu den Verpflichtungen der Mitglieder im Europäischen Fiskalpakt gehört unter anderem, eine nationale Schuldenbremse …
Persistent link: https://www.econbiz.de/10010309359
In many countries, fiscal policy became strongly expansionary in order to fight the recession. Structural budget deficits increased sharply and might remain high after the end of the recession. This would raise real interest rates and would impair economic growth. Some measures to reduce the...
Persistent link: https://www.econbiz.de/10003877594
The economic and financial crisis was the catalyst for a fiscal crisis that engulfs many OECD countries. Consolidating public finances in order to address the consequences of the crisis, underlying weaknesses and also future spending pressures creates important challenges. Fiscal consolidation...
Persistent link: https://www.econbiz.de/10009559794