There is a long‐standing debate in economics about whether governments should engage in Keynesian‐style countercyclical fiscal policy. During the recent global financial crisis, this debate has gained new…
Individual beliefs on the drivers of success have been proven relevant for both redistributive preferences and actual policy outcomes (e.g. related to the size and structure of the welfare state). Hence, a…
Measured by the share in the total EU budget, EU regional policy is the second most important policy area. One of ist central objectives is the promotion of long-run growth. Evidence from recent academic…
The role of the finance minister differs in various aspects from that of the remaining cabinet members. His main task is to enforce overall budgetary objectives. Depending on the organization of the budget…
In 2009, Germany has introduced a new debt brake which aims at constraining the buildup of new public debt for both the federal and the state level. While the new rule is enshrined in the federal constitution,…
