The German federal government is facing criticism for using the exemption from the national debt brake due to the coronavirus crisis to expand the fiscal leeway for its future energy and climate policies. The budget dispute is taking place against the backdrop of a massive expansion of...

Integrating national accounting with financial accounting, we provide firm-specific estimates of current-cost capital stocks for the entire Compustat universe, as well as an array of estimates of investment flows, economic depreciation rates, and capital and investment price deflators. The...

Integrating national accounting with financial accounting, we provide firm-specific estimates of current-cost capital stocks for the entire Compustat universe, as well as an array of estimates of investment flows, economic depreciation rates, and capital and investment price deflators. The...

PART 1. PURPOSE AND PROLOGUE -- Chapter 1. Owning and Owing -- Chapter 2. From Warfare to Welfare in Three Generations -- PART 2. ACCOUNTING FOR GOVERNMENT -- Chapter 3. Why Government Accounting Matters -- Chapter 4. What Does the Government Balance Sheet Look Like? -- Chapter 5. Why Accrual...

The Asset Recovery Handbook: A Guide for Practitioners was first published in 2011 by the Stolen Asset Recovery Initiative, a joint initiative of the United Nations Office of Drugs and Crime and the World Bank focused on encouraging and facilitating a more systematic and timely return of stolen...

Financial measurement can be difficult, especially in the public sector where accurate and reliable reporting is imperative for public trust, legality, accountability, and long-term sustainability of activities. Measurement in Public Sector Financial Reporting brings together theoretical...

Svenska folket är betydligt rikare än vad som hittills varit känt. Det beror på att våra offentliga tillgångar i form av fastigheter, infrastruktur och offentliga företag varken redovisas och värderas efter sitt sanna värde eller förvaltas professionellt. Rätt värderat och förvaltat...

Einleitung -- Rechtliche Rahmenbedingungen der Kommunalwirtschaft -- Der Lebenszyklus des Unternehmens: Gründung, Veränderung, Beendigung -- Aufgaben und Instrumente des Beteiligungsmanagements,- Organisation und Aufbau des kommunalen Beteiligungsmanagements,- Wege zur Optimierung des...

Front Cover -- Contents -- Acknowledgments -- About the Authors -- Abbreviations -- Introduction -- Methodology -- How to Use the Handbook -- References -- 1. Overview of the Asset Recovery Process -- 1.1 Introductory Remarks -- 1.2 General Process for Asset Recovery -- 1.3 Legal Avenues for...

This paper discusses various public finance management reforms required for state-owned enterprises (SOEs), which is high priority of the government. High levels of direct and indirect state support are adding to the significant risks emanating from the SOE sector, a problem that is being...

V monografii issleduetsja kompleks teoretičeskich, metodologičeskich i praktičeskich problem transformacii institutov gosudarstvennogo upravlenija v uslovijach globalʹnych strategičeskich vyzovov. Pokazany voznikajuščie fundamentalʹnye riski v kontekste suščestvujuščich...

The paper presents and estimates an endogenous growth model with public capital. In contrast, however, to recent studies on economic growth and policy, we allow for capital market borrowing by the government. Since the behavior by the government (tax rates, spending and borrowing) does not...

This paper deals with efficiency in the public sector. It argues that the habit of relating efficiency to public spending, as is generally done, may give wrong results when, as is often the case, public institutions use public assets (land, buildings, etc.) without imputing a cost for that use....

Governments throughout the western world and beyond are in the midst of a severe financial crisis and emerging from a sharp recession. Ireland is no exception. One of the options for strengthening public finances is the sale of state assets. In this paper we draw on the Irish experience to...

The War for Independence left the National Government deeply in debt. The spoils from winning that war also gave it an empire of land. So, post-1783, was the National Government solvent? Was its net asset position, land assets minus debt liabilities, positive or negative? Evidence is gathered to...

This paper proposes a new approach to improve the way central banks can analyze and manage the financial risks of a national economy. It is based on the modern theory and practice of contingent claims analysis (CCA), which is successfully used today at the level of individual banks by managers,...

This paper analyzes the theoretical and quantitative implications of optimal capital taxation in the neoclassical growth model with aggregate shocks and incomplete markets. The model features a representative-agent economy with proportional taxes on labor and capital. I first consider the case...

This paper examines the suitability of different accounting bases in providing useful information to support privatisation decisions of state-owned property. More specifically, a comparison is conducted between the recently adopted Greek Governmental Accounting Standards (GGAS) that follow a...

"When you look around the world it's almost as if Thatcher/Reagan economic revolution never happened. The largest pool of wealth in the world - a global total that is twice the world's total pension savings, and ten times the total of all the sovereign wealth funds on the planet - is still...