Dieser Band bietet in aktualisierter und erweiterter Neuauflage einen umfassenden Überblick über die Politik in den Bundesländern nach den beiden Föderalismusreformen. Er beschreibt, wie die Länder die hinzugewonnenen Kompetenzen ausfüllen und wie sie neuartige Instrumente wie die...

This note discusses how to design subnational fiscal rules, including how to select them and calibrate them. It expands on the guidance provided at the national level on rule selection and calibration in IMF (2018a) and IMF (2018b). Thinking on subnational fiscal rules is still evolving,...

This is a substantially revised, refocused, and updated version of an earlier draft paper, exploring the significant role Cost-Benefit Analysis (CBA) plays in facilitating or impeding legislative and regulatory policy decisions. The paper centers around three case studies of CBAs EPA prepared...

Following the severe financial crisis of 2012/2013 and the subsequent contraction of the Cyprus economy, the authors consider the policies and institutional changes required to regenerate economic growth. It is argued that the crisis emanated largely from the wasteful use of investable funds...