An Index of Fiscal Democracy

MPIfG Working Paper 10/3

17 Pages Posted: 25 Jul 2011

See all articles by Wolfgang Streeck

Wolfgang Streeck

Max Planck Institute for the Study of Societies

Date Written: April 1, 2010

Abstract

Over 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.

In den vergangenen vier Jahrzehnten hat die Anhäufung politischer Erblasten und öffentlicher Verschuldung sowohl in Deutschland als auch in den USA zu einer Abnahme fiskalischer Flexibilität geführt. Anhand eines Fiscal Democracy Index für Deutschland schildert der Aufsatz die damit einhergehende Verringerung demokratischer Kontrolle budgetärer Prioritäten und vergleicht die Entwicklungen in beiden Ländern.

Keywords: fiscal policies

JEL Classification: H3

Suggested Citation

Streeck, Wolfgang, An Index of Fiscal Democracy (April 1, 2010). MPIfG Working Paper 10/3, Available at SSRN: https://ssrn.com/abstract=1817772 or http://dx.doi.org/10.2139/ssrn.1817772

Wolfgang Streeck (Contact Author)

Max Planck Institute for the Study of Societies ( email )

Paulstr. 3
Cologne, 50676
Germany

HOME PAGE: http://www.mpifg.de/people/ws/index_de.asp

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