Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/3151
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dc.contributor.authorSiebert, Horsten_US
dc.date.accessioned2009-01-28T14:30:11Z-
dc.date.available2009-01-28T14:30:11Z-
dc.date.issued2004en_US
dc.identifier.urihttp://hdl.handle.net/10419/3151-
dc.description.abstractThis paper analyzes Germany's fiscal policy position. Halfof GDP passes through the hands of government, a high debt to GDPratio limits the maneuvering, and the revenue sharing mechanismprevents a competitive federalism. Most importantly for the future,the federal finance minister has to pick up the deficits that the socialsecurity systems leave behind. Transfers from the public budget to thesocial security systems are large, and since 1998 the elasticity oftransfers to nominal GDP is 4. This trend will intensify in an agingsociety. All these factors weaken the prospects for reform thatGermany must undertake in its taxation and expenditure system inview of the changed international conditions.en_US
dc.language.isoengen_US
dc.publisher|aKiel Institute for the World Economy (IfW) |cKielen_US
dc.relation.ispartofseries|aKiel Working Paper |x1196en_US
dc.subject.jelI00en_US
dc.subject.jelH20en_US
dc.subject.jelE13en_US
dc.subject.jelE12en_US
dc.subject.ddc330-
dc.subject.keywordFiscal Policy , Subsidies , German Unification , Debt , Revenue Sharing , Social Policyen_US
dc.subject.stwFinanzpolitiken_US
dc.subject.stwÖffentliche Schuldenen_US
dc.subject.stwStaatsquoteen_US
dc.subject.stwDeutschlanden_US
dc.titleGermany's fiscal policy stanceen_US
dc.typeWorking Paperen_US
dc.identifier.ppn379947161en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
dc.identifier.repecRePEc:zbw:ifwkwp:1196-

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