In this paper we collect detailed information on the budget institutions of Latin American countries. We classify these institutions on a `hierarchical'/'collegial' scale, as a function of their transparency and the existence of legislative constraints on the deficit. We then show that...

This paper explores the implications of fiscal rules and independent fiscal institutions (IFIs) on sovereign risk. We employ a dynamic panel model for a sample composed of 24 countries members of the European Union over the period 2007-2019 and document that fiscal rules contain sovereign...

This paper explores the implications of fiscal rules and independent fiscal institutions (IFIs) on sovereign risk. We document that fiscal rules contain sovereign default risk in 24 countries members of the European Union measured by the credit default swap (CDS) spreads. IFIs, through...

Gegen den Landeshaushalt 2022 des Freistaats Thüringen bestehen nach Einschätzung von Helmut Siekmann erhebliche verfassungsrechtliche Bedenken. In einem Gutachten kommt Siekmann zu dem Schluss, dass sich die festgestellten globalen Minderausgaben im Vergleich zum gesamten Haushaltsvolumen...

Constitutionalism is the idea that the powers of government can and should be limited, and that its authority flows from enforcing these limitations. In constitution making and analysis, the right or power of the government to tax seems almost superfluous. No real analysis goes into tying down...

This paper surveys the empirical research on fiscal institutions of the last three decades. The main results are: (i) Constitutional or statutory fiscal limitations have in most cases proved to be effective in cutting down public expenditure, revenue, and debt. (ii) Budgetary procedures matter...

In this paper we examine how individuals should be treated with respect to taxes, subsidies and agenda setting in constitutions in order to obtain efficient allocations of public goods and to limit tax distortions. We show that if public goods are socially desirable, the simple majority rule as...

Independent fiscal councils are claimed to mitigate political failures in fiscal policymaking and increase fiscal performance. However, to influence and persuade policymakers these watchdog councils need to have access at different stages of the budget process. This paper examines the extent to...

This paper studies how to design a fiscal constitution that, by capitalizing intergenerational spillovers into land values, is able to protect future generations from expropriation and to generate optimal investment in intergenerational public goods. In particular, we study how to accomplish...

This paper investigates how state and local fiscal institutions affect the pattern of relative wages between state and local government employees and their private sector counterparts. It focuses on changes in relative wages during the 1979-1986 period. Empirical analysis of data from the...

Die liberale Denkweise der Aufklärung als Fundament steuerpolitischer Ansichten -- Die Ursprünge der Einkommensteuer in Großbritannien -- Die Entwicklung der Einkommensteuer in Deutschland -- Vom Rechtsstaat zum Gerechtigkeitsstaat.

The constitutional boundaries of European fiscal federalism -- The Maastricht architecture of European fiscal federalism -- The failure and abrogation of the Maastricht model -- Constitutional criteria for EU fiscal federalism -- The emergent centralised architecture of European fiscal...

Canada has had a fiscal equalization system since 1957, and equalization was formally embedded in the constitution in 1982. However, the rationale for equalization, how the concept is defined and applied, and what its effects are or should be are all issues that continue to be vigorously debated...

The thirteenth century was an era of bold constitutional experiments in Europe. During this age, for the first time in history, fiscal constitutions, i.e., limits on the fiscal prerogatives of the state, emerged. In Portugal, this manifested itself as a monetary constitution that prevented the...

Countries increasingly rely on independent fiscal councils to constrain policymakers' discretion and curb the bias towards excessive deficits and pro-cyclical policies. Since fiscal councils are often recent and heterogeneous across countries, assessing their impact is challenging. Using the...

Canada has had a fiscal equalization system since 1957, and equalization was formally embedded in the constitution in 1982. However, the rationale for equalization, how the concept is defined and applied, and what its effects are or should be are all issues that continue to be vigorously debated...

This paper explores the effect of party system institutionalization on the reliance of tax systems on the personal income tax. As a first step, the paper re-examines the relationship between party system institutionalization and taxation patterns employing the recently launched Government...

The fiscal constitutions of many states limit the ability of governments to raise taxes. These same constitutions typically do not impose similar limits on the ability of governments to impose a fee, say a building permit fee. But what if a locality chose to levy a gigantic building permit fee...

"This book examines the evolution of fiscal capacity in the context of colonial state formation and the changing world order between 1850 and 1960. Until the early nineteenth century, European colonial control over Asia and Africa was largely confined to coastal and island settlements, which...

Der Europäische Binnenmarkt ist der gröt︣e der Welt. Das Wissen um die Europäische Integration ist deswegen für Studierende sehr wichtig. Das Lehrbuch führt zu Beginn in die Geschichte des europäischen Einigungsprozesses ein und stellt die institutionelle Struktur der EU vor....

Public Finance and Parliamentary Constitutionalism analyses constitutionalism and public finance (tax, expenditure, audit, sovereign borrowing and monetary finance) in Anglophone parliamentary systems of government. The book surveys the history of public finance law in the UK, its export...

Die Stadtstaatenregelung im Länderfinanzausgleich sieht vor, dass durch die Einwohnerveredelung finanzielle Mittel zu den Stadtstaaten umgeleitet werden. Nicht diese besondere Berücksichtigung, sondern das gegenwärtige Verfahren ist dabei umstritten. Der Wissenschaftliche Beirat beim...

Die Stadtstaatenregelung im Länderfinanzausgleich sieht vor, dass durch die Einwohnerveredelung finanzielle Mittel zu den Stadtstaaten umgeleitet werden. Nicht diese besondere Berücksichtigung, sondern das gegenwärtige Verfahren ist dabei umstritten. Der Wissenschaftliche Beirat beim...

This essay offers four principles of taxation by the United States government. Taken together, the principles would give rise to a no-gimmicks flat income tax. The rate of taxation would be expressed as a whole-number percentage, not to exceed 8%. The scope of taxation would be the entire income...