The paper assesses the United Kingdoms golden rule and debt rule against ideal
characteristics of fiscal rules. It concludes that they are clearly defined; transparent in …

Keeping the economy strong will require addressing two distinct but related problems.
Steadily rising federal debt makes it harder to grow our economy, boost our living standards …

Analytical and quantitative frameworks both at central banks and in academic research
generally embed the perspective that in normal times the essence of good policy can be …

A revelatory study of how climate change will affect individual economic decisions, and the
broad impact of those choices Selected by Publishers Weekly as one of its Top Ten books in …

The generational sustainability of welfare regimes is of central importance to most long-term
analyses of welfare state reforms (see for example: Esping-Andersen et al. 2002). In an ideal …

The issue of unfunded public pension systems has moved to the centre of public debate all
over the world. Unfortunately, a large part of the discussions have remained on a qualitative …

Child poverty rates exceed those of elderly people in almost all Western nations. Moreover,
it can be expected that the presently young generation (and yet unborn) will (far) less benefit …

This paper analyzes the effects of intergenerational conflict on capital and labor income tax
rates, transfers, and government spending in a model of multidimensional policy choice. The …

The theoretical literature presumes generational risk is large enough to merit study and that
such risk can be meaningfully shared via appropriate government policies. This paper …

Seit nunmehr eineinhalb Dekaden gibt es eine Pflegeversicherung in Deutschland. Die
Einführung dieser neuen „fünften Säule “der Sozialversicherung kann als Reaktion auf die …