Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/3151 
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dc.contributor.authorSiebert, Horsten
dc.date.accessioned2009-01-28T14:30:11Z-
dc.date.available2009-01-28T14:30:11Z-
dc.date.issued2004-
dc.identifier.urihttp://hdl.handle.net/10419/3151-
dc.description.abstractThis paper analyzes Germany's fiscal policy position. Half of GDP passes through the hands of government, a high debt to GDP ratio limits the maneuvering, and the revenue sharing mechanism prevents a competitive federalism. Most importantly for the future, the federal finance minister has to pick up the deficits that the social security systems leave behind. Transfers from the public budget to the social security systems are large, and since 1998 the elasticity of transfers to nominal GDP is 4. This trend will intensify in an aging society. All these factors weaken the prospects for reform that Germany must undertake in its taxation and expenditure system in view of the changed international conditions.en
dc.language.isoengen
dc.publisher|aKiel Institute for World Economics (IfW) |cKielen
dc.relation.ispartofseries|aKiel Working Paper |x1196en
dc.subject.jelI00en
dc.subject.jelH20en
dc.subject.jelE13en
dc.subject.jelE12en
dc.subject.ddc330en
dc.subject.keywordFiscal Policyen
dc.subject.keywordSubsidiesen
dc.subject.keywordGerman Unificationen
dc.subject.keywordDebten
dc.subject.keywordRevenue Sharingen
dc.subject.keywordSocial Policyen
dc.subject.stwFinanzpolitiken
dc.subject.stwÖffentliche Schuldenen
dc.subject.stwStaatsquoteen
dc.subject.stwDeutschlanden
dc.titleGermany's fiscal policy stance-
dc.typeWorking Paperen
dc.identifier.ppn379947161en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen
dc.identifier.repecRePEc:zbw:ifwkwp:1196en

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