Wie interagieren öffentliche Finanzen und Wirtschaftswachstum in Deutschland? Und welchen Einfluss haben diese Interaktionen auf die Tragfähigkeit der deutschen Staatsfinanzen? Und umgekehrt, welche Rolle spielen Tragfähigkeitsaspekte für die Effektivität von staatlichen...

Der deutsche Leistungsbilanzüberschuss lag 2016 deutlich über dem Schwellenwert von 6% im Makroökonomischen Ungleichgewichtsverfahren der EU-Kommission. Dies wird sich so schnell auch nicht ändern. Daher fordern Ökonomen, aber auch der Internationale Währungsfonds, die Binnennachfrage mit...

The literature on long-term relationships in public finance is dominated by two approaches: fiscal sustainability and Wagner´s law. In this paper, we argue that they should be analyzed simultaneously, using vector error-correction models for public expenditures, revenues, and GDP. For Germany,...

We analyse tax revenue elasticities by applying dynamic models to a new disaggregated dataset for Germany, which is adjusted for the effects of tax reforms. We estimate long-run elasticities that are substantially lower than in comparable studies for profit-related taxes and are slightly lower...

The empirical and theoretical literature on long-term relationships in public finance is dominated by two approaches: Fiscal sustainability and Wagner's law of an increasing state activity. In this paper, we argue that these two relationships should be analyzed simultaneously and not separately....

Revenue elasticities play a key role in forecasting, monitoring and analysing public finances under the European fiscal framework, which largely builds on cyclically adjusted indicators. This paper investigates whether there is evidence for dynamic – instead of the currently used static –...

Large parts of the empirical economic literature state that policy makers have ex-post proven to be unable to time fiscal policy measures countercyclically. In this paper we expand the usually applied empirical approaches and allow for changing reaction patterns over time by employing not only...

Der deutsche Leistungsbilanzüberschuss lag 2016 deutlich über dem Schwellenwert von 6% im Makroökonomischen Ungleichgewichtsverfahren der EU-Kommission. Dies wird sich so schnell auch nicht ändern. Daher fordern Ökonomen, aber auch der Internationale Währungsfonds, die Binnennachfrage mit...

We analyse tax revenue elasticities by applying dynamic models to a new disaggregated dataset for Germany, which is adjusted for the effects of tax reforms. We estimate long-run elasticities that are substantially lower than in comparable studies for profit-related taxes and are slightly lower...