Keywords: fiscal rules; medium-term budgetary objective; debt brake; special funds EN fiscal rules medium-term budgetary objective debt brake special funds 97 101 5 09/26/22 20220601 NES 220601 1 Germany's Excessive General Government Deficits For Germany and the other EU count...
This corroborates our theoretical considerations that unconventional fiscal policies are inferior tools compared to direct transfer payments when it comes to stimulating aggregate demand (during deep recessions). We attribute this to a multitude of factors. First, the pass-through of the VAT rate cut...
Posted inBig Government,Economics,Fiscal Policy,Germany,Greece,Italy,Portugal,Spain, taggedBig Government,Economics,Fiscal Policy,Germany,Greece,Italy,Portugal,Spainon May 2, 2024|2 Comments » Just a few months ago,I wrote aboutGermany’s fiscal decay. Over the past eight years, government spend...
OECD. (2022). World observatory on subnational government finance and investment—Germany. Retrieved 23, June 2023, from https://www.sng-wofi.org/country-profiles/ Rietzler, K., & Truger, A. (2019). Is the “debt brake” behind Germany’s successful fiscal consolidation? A comparative anal...
According to a recent announcement, New Zealand has updated its visit visa policies to allow foreign visitors to take up remote work while enjoying a holiday in the country. The updated policy is effective from January 27, 2025. This move is expected to boost the economy along with open...
(constitutionally, the municipalities are constituent parts of them). The ‘two-tier dogma’ in the German fiscal constitution prohibits any direct or immediate financial relation between the federal government and the municipalities. This ruling also applies to the federal government’s grants in the...
impact cinema attendance and, consequently, advertising revenue. Fiscal policies that promote cultural investments and the film industry also encourage brand engagement in cinema advertising, as companies seek to connect with audiences through compelling storytelling and immersive experiences that resonate with...
France's leaders remain committed to a capitalism in which they maintain social equity by means of laws, tax policies, and social spending that mitigate economic inequality. France's real GDP grew by 1.9% in 2017, up from 1.2% the year before. The unemployment rate (including overseas ...
(j) legislative, judicial, fiscal and regulatory developments including regulatory measures addressing climate change; (k) economic and financial market conditions in various countries and regions; (l) political risks, including the risks of expropriation and renegoti...
Apart from the fiscal and the regulatory framework, the most important policy area for the federal government is the provision of transport infrastructure. In 2016, the federal government enacted a new investment masterplan. Therefore, the experience with the former plan is described and key elements...