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Björn Gehrmann - Soft Budget Constraints in German Fiscal Federalism

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Björn Gehrmann

Soft Budget Constraints in German Fiscal Federalism

Series: Neue Studien zur Politischen Ökonomie

Volume 9 2010

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Titelei/Inhaltsverzeichnis S. 2-26

The First Generation Theory S. 27-44

The Second Generation Theory S. 44-64

Interim Summary: Towards Evolutionary Federalism S. 64-66

Federalism in the Basic Law S. 66-70

Principles of Vertical Federalism in Germany S. 70-74

Principles of Horizontal Federalism in Germany S. 74-76

The Fiscal Constitution S. 76-88

No Bankruptcy of Corporations under Public Law S. 88-89

The Recent Debate about Germany’s Fiscal Constitution S. 89-95

Interim Summary: German Federalism – Stable, Static and Stagnating S. 95-98

The Soft Budget Constraint: Definition and Rationale S. 99-103

The Government-Induced Soft Budget Constraint S. 103-127

The Market-Induced Soft Budget Constraint S. 127-130

Soft Budget Constraints in Practice S. 130-145

Interim Summary: Size Matters S. 145-148

Corporate Finance vs. Public Finance S. 148-156

The Subnational Government as a Firm S. 156-165

Five Devices of Corporate Governance S. 165-172

Five Devices of Fiscal Governance S. 172-188

Interim Summary: Agency Cost-Effective Governance S. 188-190

Generally Desirable Measures S. 191-193

Measures to Harden Soft Budget Constraints S. 193-195

Six Reform Scenarios S. 195-197

Interim Summary: Good Fiscal Governance S. 197-198

Constitutional Change in Germany S. 198-204

Public Choice Analysis S. 204-209

Interim Summary: Germany’s Agency Cost-Ineffective Federalism S. 209-210

Concluding Remarks S. 211-214

Literature S. 215-225

doi.org/10.5771/9783845226484

Hans-Jörg Schmidt-Trenz, Rolf Stober - Jahrbuch Recht und Ökonomik des Dritten Sektors 2005/2006 (RÖDS)

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Hans-Jörg Schmidt-Trenz (ed.), Rolf Stober (ed.)

Jahrbuch Recht und Ökonomik des Dritten Sektors 2005/2006 (RÖDS)

2006

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Charles B. Blankart, Björn Gehrmann Der Dritte Sektor in der Europäischen Union: Die Daseinsvorsorge aus ökonomischer Sicht S. 36-71

doi.org/10.5771/9783845281094

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