Among economic reforms implemented for overcoming of world financial and economic recessions the special accent is brought to macroeconomic stabilization; strengthening of financial sphere is recognized one of imperatives of economic policy and considerable precondition of its ensuring includes...

Tax rules encouraging excessive debt, complex financial transactions, poorly designed incentive compensation for corporate managers, and highly leveraged home ownership all may have contributed to the financial crisis, but do not appear to have been among the primary causes. Even without a...

Partly as a result of the Fiscal Responsibility Act (passed in 2003) the gross fiscal deficits of both central and state governments were in good order. Indeed, both central and state governments were running primary surpluses in 2006-07 and 2007-08. Partly as result of the stimulus enacted to...

In der Wirtschafts- und Finanzkrise scheint das Schlimmste ausgestanden zu sein. Nach dem Krisenmanagement steht die neue Bundesregierung nun in wichtigen Bereichen der Wirtschaftspolitik vor grundsätzlichen Herausforderungen. Zu deren Bewältigung werden mittel- bis langfristig angelegte...

The economic crisis that erupted in 2008 has prompted many countries to rethink, and several already to reform, the taxation of financial institutions. The underlying analytical issues, however, have received almost no attention in the public finance literature. This article explores the...