Arbeitspapier
Germany's fiscal policy stance
This paper analyzes Germany's fiscal policy position. Half of GDP passes through the hands of government, a high debt to GDP ratio limits the maneuvering, and the revenue sharing mechanism prevents a competitive federalism. Most importantly for the future, the federal finance minister has to pick up the deficits that the social security systems leave behind. Transfers from the public budget to the social security systems are large, and since 1998 the elasticity of transfers to nominal GDP is 4. This trend will intensify in an aging society. All these factors weaken the prospects for reform that Germany must undertake in its taxation and expenditure system in view of the changed international conditions.
- Sprache
-
Englisch
- Erschienen in
-
Series: Kiel Working Paper ; No. 1196
- Klassifikation
-
Wirtschaft
Health, Education, and Welfare: General
Taxation, Subsidies, and Revenue: General
General Aggregative Models: Neoclassical
General Aggregative Models: Keynes; Keynesian; Post-Keynesian
- Thema
-
Fiscal Policy
Subsidies
German Unification
Debt
Revenue Sharing
Social Policy
Finanzpolitik
Öffentliche Schulden
Staatsquote
Deutschland
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Siebert, Horst
- Ereignis
-
Veröffentlichung
- (wer)
-
Kiel Institute for World Economics (IfW)
- (wo)
-
Kiel
- (wann)
-
2004
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:41 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Siebert, Horst
- Kiel Institute for World Economics (IfW)
Entstanden
- 2004
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