While the German federal fiscal system has been successful in promoting a high standard of living even in regions whose economic capacity is low, tensions have emerged. Firstly, it has been difficult to ensure a sustainable fiscal policy, and the size of the overall deficit makes it difficult...

Eckhard Wurzel, OECD, sieht im starken Rückgang der Bevölkerung im erwerbsfähigen Alter, in den Verschiebungen in der Altersstruktur und in den sich verstärkenden regionalen Ungleichgewichten der Bevölkerungsentwicklung eine neue große Herausforderung für die Wirtschafts- und...

Eckhard Wurzel, OECD, sieht im starken Rückgang der Bevölkerung im erwerbsfähigen Alter, in den Verschiebungen in der Altersstruktur und in den sich verstärkenden regionalen Ungleichgewichten der Bevölkerungsentwicklung eine neue große Herausforderung für die Wirtschafts- und...

Fiscal consolidation is required in most OECD countries. This is especially so in view of medium and long-term spending pressures on public finances, related, inter alia, to ageing. Based on a dataset covering a large number of OECD fiscal consolidation episodes starting in the late 1970s, the...

Fiscal consolidation is required in most OECD countries. This is especially so in view of mediumand long-term spending pressures on public finances, related, inter alia, to ageing. Based on a dataset covering a large number of OECD fiscal consolidation episodes starting in the late 1970s, the...