An Index of Fiscal Democracy
Published By: Max Planck Institute for the Study of Societies | Published Date: April, 01 , 2010Over the past four decades, the accumulation of policy legacies and public debt has led to a decline in fiscal flexibility in Germany and the United States. By applying an index of fiscal democracy to Germany, the paper illustrates the associated shrinkage of democratic control over budget priorities and compares the developments in both countries.
Author(s): Daniel Mertens, Wolfgang Streeck | Posted on: Feb 08, 2016 | Views()