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Diskussionsbeiträge, Inst. f. Finanzwissenschaft, Universität Freiburg >

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dc.contributor.authorBonin, Holgeren_US
dc.contributor.authorRaffelhüschen, Bernden_US
dc.description.abstractIn this paper, we discuss the latest generational accounting results for 12 of the 15 EU member states, which were prepared on behalf of the European Commission by an international team of experts. We proceed as follows: Section 2 summarises the characteristic features of the standardised generational accounting concept on which the computations were based. Section 3 investigates the divergence of the European countries in terms of long-run fiscal sustainability, and attempts to work out the fundamental forces behind this outcome. Section 4 focuses on the long-term state of fiscal policy in Germany and the UK. This seems instructive, since the two states run markedly contrasted public pension systems. Counterfactual experiments are used to assess the potential for more balanced fiscal policy. Section 5 concludes the paper.en_US
dc.publisherUniviversität Freiburg, Inst. f. Finanzwissenschaft Freiburg i. Br.en_US
dc.relation.ispartofseriesDiskussionsbeiträge, Institut für Finanzwissenschaft der Albert-Ludwigs-Universität Freiburg im Breisgau 77en_US
dc.subject.keywordSustainable Public Financesen_US
dc.subject.keywordGenerational Accountingen_US
dc.subject.keywordEuropean Unionen_US
dc.subject.stwIntergenerative Belastungsrechnungen_US
dc.titlePublic finances in the European Union: Is convergence sustainable?en_US
dc.typeWorking Paperen_US
Appears in Collections:Diskussionsbeiträge, Inst. f. Finanzwissenschaft, Universität Freiburg

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