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...

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...

Stéphanie Guichard, Michael Kennedy, Eckhard Wurzel and Christophe André examine the circumstances most commonly related to successful fiscal consolidation. Data are drawn from a dataset covering twenty-four OECD countries since 1978. Based on improvement in the cyclically-adjusted primary...