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Author Petersen, Hans-Georg
Source EconStor
Content type Text
Publisher Univ., Wirtschafts- und Sozialwiss. Fak.
File Format PDF
Language English
Subject Domain (in DDC) Social sciences ♦ Economics
Subject Keyword Centralization ♦ decentralization ♦ ethnic differences ♦ fiscal federalism ♦ fiscal planning ♦ good governance ♦ harmonization ♦ integration ♦ nation building ♦ revenue sharing ♦ sustainable fiscal policy ♦ tax reform ♦ Wirtschaftsintegration ♦ Finanzföderalismus ♦ Finanzausgleich ♦ Finanzpolitik ♦ Nachhaltigkeit ♦ Good Governance ♦ Theorie ♦ Deutschland ♦ State and Local Government • Intergovernmental Relations ♦ International Relations, National Security, and International Political Economy ♦ Economic Integration ♦ Miscellaneous Issues ♦ Government, War, Law, International Relations, and Regulation ♦ Development Planning and Policy ♦ Taxation, Subsidies, and Revenue
Abstract The paper tries to shed some light on the problems of centralization and decentralization within an economic union and the federal member states. Integration and decentralization are not opposite policy strategies but both meaningful if the single public goods and services supplies are analyzed in more detail. Both strategies doubtlessly have advantages, which can be realized if the manifold possibilities are combined in an efficient approach of good governance. Best practice approaches in inter- or supra-national integration, fiscal federalism and taxation do exist and have to be successfully implemented. Obviously such a modern fiscal policy has to be accompanied by an appropriate monetary policy, which in an economic union has to be carried out by an independent central bank as one of the necessary countervailing powers in a democratic setting. A modern fiscal policy strategy efficiently controls budget deficits, which naturally have to be limited to finance reliable public investments. Such strategy has to be safeguarded through modern methods of budgeting and fiscal planning. Modern public management with a clear code of conduct for the government officials ensures corruption free administration.
Part of series Finanzwissenschaftliche Diskussionsbeiträge x57
Learning Resource Type Article
Publisher Date 2008-01-01
Publisher Place Potsdam
Rights Holder