English, Article edition: The agony of central power: Fiscal federalism in the German Reich HEFEKER, CARSTEN

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Physical Description
  • article
Language
  • English

Edition details

Title
  • The agony of central power: Fiscal federalism in the German Reich
Author
  • HEFEKER, CARSTEN
Physical Description
  • article
Notes
  • This article revisits the German system of fiscal federalism between unification in 1871 and hyper-inflation in 1923. I argue that the ill designed fiscal system led to systematically excessive debt for the Reich. The system was the outcome of overlapping distributional conflicts between centre and states, and between capital and labour. It was also responsible for the debt problems arising in World War I and the unsuccessful attempts at fiscal reforms during and after the war. Ultimately, these distributional conflicts contributed to the hyper-inflation in Germany. The German example also has implications for the debate about fiscal federalism in the European Union.
  • RePEc:cup:ereveh:v:5:y:2001:i:01:p:119-142_00
Language
  • English
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