Lars P Feld
Biographic Data
| ID | 1121223 |
|---|---|
| NAME | Lars P Feld |
| GIVEN NAMES | Lars P |
| FAMILY NAME | Feld |
| SIGNATURE | FELD L P |
| AFFILIATIONS | Walter Eucken Institut |
| ORCID | 0000-0002-6858-9136 |
| VERIFIED | Yes |
| TOTAL WORKS | 49 |
| TOTAL CITATIONS | 129 |
| AUTHOR COUNT | 42 |
| EDITOR COUNT | 7 |
| FIRST PUBLICATION YEAR | 2000 |
| LATEST PUBLICATION YEAR | 2026 |
| H-INDEX | 6 |
Do local elections affect the spending of intergovernmental transfers? Evidence from Germany’s stimulus package of 2009
In this paper, we study whether local spending of intergovernmental grants is influenced by mayoral elections in the grant receiving municipality exploiting the implementation of the German federal government’s second economic stimulus package of 2009 (K2) in the state of Baden-Wuerttemberg as natural experiment. This package provided lump-sum grants for local public investment to all municipalities in Baden-Wuerttemberg. Applying difference-in-d…
The Future of Cohesion Policy
The contributors to this volume explore the future of the European Union's Cohesion Policy, one of the main pillars of the EU budget. The 12 stand-alone chapters written by 15 leading experts are structured around four main topics: the policy's fundamental rationales in a changing environment, what is already known and gaps in knowledge regarding the economic impacts of the policy since its inception 30 years ago, the study of factors that enable…
Eine Juristin unter Ökonomen
Der vorliegende Gedenkband würdigt das außergewöhnliche wissenschaftliche und gesellschaftspolitische Wirken von Heike Schweitzer. Die herausragende Kartelljuristin prägte nicht nur das europäische Wettbewerbsrecht maßgeblich mit, sondern beschäftigte sich weit über die Grenzen der Jurisprudenz hinaus mit wirtschafts- und gesellschaftspolitischen Themen. Der Band versammelt ausgewählte Schriften des Kronberger Kreises, dem wissenschaftlichen Beir…
Do party ties increase transfer receipts in cooperative federalism? – Evidence from Germany
Cooperative fiscal federalism needs multi-level consent to decide on the allocation of intergovernmental transfers. We study how parliamentary representation of municipalities on the federal level influences the allocation of federal transfers to municipal governments under this type of federalism. Using a regression discontinuity design in close electoral races, we find that a directly elected member of the federal parliament, who belongs to the…
On the Fiscal Sustainability of Swiss Cantons, 1905–2017
Do Swiss cantonal governments run sustainable fiscal policies? Despite a growing literature on subnational fiscal sustainability, evidence on the Swiss case is largely missing. Drawing on a novel data set that stretches back to 1905, we test for stationarity of cantonal public debt, revenue, and spending and for cointegration between cantonal revenues and expenditures. Based on time series properties, we estimate individual fiscal reaction functi…
Fiscal federalism and foreign direct investment – An empirical analysis
Previous empirical studies suggest that fiscal decentralisation, measured by the number of government layers, is associated with less foreign direct investment (FDI). With an improved dataset on the tax autonomy of sub‐federal government tiers, we present evidence that fiscal decentralisation (de facto) does not reduce FDI. If local governments can set their tax rates and bases autonomously, they attract more FDI. Analysing 128,425 corporate cros…
“Whatever It Takes!” How tonality of TV-news affected government bond yield spreads during the European debt crisis
Were government bond risk premia affected by the media in addition to the effects of major events? Revisiting the European debt crisis, we analyze the role of television news in the rise and re-convergence of GIIPS bond spreads vis-à-vis Germany from 2007 to 2016. We use a dataset of more than one million human-coded news items from leading newscasts worldwide to identify over 25,000 news on the Eurozone and country-specific economic topics. Our …
Demokratische Wirtschaftspolitik
Prof. Dr. Dr. h.c. mult. Bruno S. Frey ist einer der bedeutendsten Ökonomen im deutschsprachigen Raum. Er lehrt und forscht an der Universität Basel
Wohlstandssicherung durch freiwillige Längerbeschäftigung
Die geburtenstarken Jahrgänge gehen in den wohlverdienten Ruhestand, Arbeitskräfte fehlen. Wie angesichts des demografischen Wandels künftig die Renten und Pensionen gezahlt werden, ist unklar. Zu den Lösungsvorschlägen gehört auch eine Verlängerung der Lebensarbeitszeit; in der Professorenschaft ist Bereitschaft zur freiwilligen Längerarbeit überproportional groß. Die bestehenden, ökonomisch sinnvollen Regelungen lassen diese bereits zu; die Pra…
Standing on the shoulders of giants or science? Lessons from ordoliberalism
James Buchanan would have celebrated his 100th birthday in 2019. This serves as an inspiration to look at the future of public choice and the question of how much normativity public choice can bear. In our analysis we draw parallels between public choice and German ordoliberalism (and its source in the Freiburg School of Economics). We argue that the reception of ordoliberalism exemplifies easy-to-grasp pitfalls that should be taken seriously. We…
The Freiburg School and the Virginia School
This is the introduction to the special issue “The Freiburg School and the Virginia School: The Research Programs of Ordnungsökonomik and Constitutional Political Economy”. It provides opening remarks and a brief overview of the individual articles
Einfache Wahrheiten zählen
Dies ist eine Auswahl von Veröffentlichungen von Olaf Sievert, einem der wichtigsten Ökonomen der Bundesrepublik Deutschland. Sievert war vor allem wirtschaftspolitischer Berater, seine Laufbahn war eng verknüpft mit dem Sachverständigenrat zur Begutachtung der gesamtwirtschaftlichen Entwicklung. Seine Schriften richten sich nicht nur an ein Fachpublikum sondern häufig an die interessierte Öffentlichkeit. Sie leben vom Glauben an die Kraft des gu…
Fiscal federalism and economic performance new evidence from Switzerland
The German Anti-Keynes? On Walter Eucken’s Macroeconomics
The work of Walter Eucken (1891–1950), founder of German ordoliberalism, is often described as being in direct opposition to that of John Maynard Keynes. Our paper challenges this claim by making two main arguments. First, we show that Eucken supported a proto-Keynesian stimulus program at the height of the Great Depression, the so-called Lautenbach plan of 1931. Second, we analyze his critique of full employment policy, which reveals that Eucken…
The German Anti-Keynes? On Walter Eucken’s Macroeconomics
The work of Walter Eucken (1891–1950), founder of German ordoliberalism, is often described as being in direct opposition to that of John Maynard Keynes. Our paper challenges this claim by making two main arguments. First, we show that Eucken supported a proto-Keynesian stimulus program at the height of the Great Depression, the so-called Lautenbach plan of 1931. Second, we analyze his critique of full employment policy, which reveals that Eucken…
Common pool effects and local public debt in amalgamated municipalities
Fiscal Sustainability of the German Länder
We analyze the sustainability of public finances in the 16 states (Länder) of the Federal Republic of Germany, using an unprecedentedly comprehensive fiscal data set covering the period from 1950 to 2011 for West German Länder and from 1991 to 2011 for East German Länder. We extend the existing literature in that we apply unit-root and stationarity tests not only to debt but also to expenditure and revenue and explore their long-run relation in c…
In memoriam
Depressing dependence? Transfers and economic growth in the German states, 1975–2005
Depressing dependence? Transfers and economic growth in the German states, 1975–2005. Regional Studies. Most countries pay substantial intergovernmental transfers to poor regions with the aim of achieving regional convergence. Consequently, transfers should have a positive effect on economic growth. However, it is equally possible that transfers perpetuate underdevelopment. This paper studies empirically the effect of intergovernmental transfers …
Föderalismus und Subsidiarität
In diesem interdisziplinär angelegten Band werden Fragen der effizienten vertikalen Zuordnung von Kompetenzen in föderalen Systemen sowie der Möglichkeiten und Grenzen föderalen Wettbewerbs aus ökonomischer, rechts- und politikwissenschaftlicher Sicht debattiert. Ein föderaler Staatsaufbau gilt als besonders geeignet, regionale Heterogenität in der staatlichen Ordnung zu berücksichtigen und eine Differenzierung staatlichen Handelns nach regional …
Wettbewerbsordnung und Monopolbekämpfung
Leonhard Miksch (1901 - 1950) ist eine vielschichtige Persönlichkeit innerhalb der Gründungsgeneration der Freiburger Schule. Als Schüler Walter Euckens avancierte er zum engen wirtschaftspolitischen Berater Ludwig Erhards und war maßgeblich an der Entstehung der Sozialen Marktwirtschaft beteiligt. Dieser Band liefert einen Einblick in sein Leben und Werk sowie eine Diskussion seiner wichtigsten Beiträge zur Freiburger Forschungstradition. Sie wu…
State and Local Taxation
Partial fiscal decentralization and sub-national government fiscal discipline
Wolfgang Schäuble a raison. Cet accord généreux évite l'austérité
James Buchanan’s theory of federalism
Tax Compliance as the Result of a Psychological Tax Contract
A psychological tax contract goes beyond the traditional deterrence model and explains tax morale as a complicated interaction between taxpayers and the government. As a contractual relationship implies duties and rights for each contract party, tax compliance is increased by sticking to the fiscal exchange paradigm between citizens and the state. Citizens are willing to honestly declare income even if they do not receive a full public good equiv…
Does Direct Democracy Reduce Public Debt Evidence from Swiss Municipalities
Official and hidden unemployment and the popularity of the government
Partial fiscal decentralization and sub-national government fiscal discipline
Political stability and fiscal policy
Tax Competition and Income Redistribution
Municipal debt in Switzerland
Voters as a Hard Budget Constraint
James Buchanan’s theory of federalism
Do party ties increase transfer receipts in cooperative federalism? – Evidence from Germany
Cooperative fiscal federalism needs multi-level consent to decide on the allocation of intergovernmental transfers. We study how parliamentary representation of municipalities on the federal level influences the allocation of federal transfers to municipal governments under this type of federalism. Using a regression discontinuity design in close electoral races, we find that a directly elected member of the federal parliament, who belongs to the…
Depressing dependence? Transfers and economic growth in the German states, 1975–2005
Depressing dependence? Transfers and economic growth in the German states, 1975–2005. Regional Studies. Most countries pay substantial intergovernmental transfers to poor regions with the aim of achieving regional convergence. Consequently, transfers should have a positive effect on economic growth. However, it is equally possible that transfers perpetuate underdevelopment. This paper studies empirically the effect of intergovernmental transfers …
The European constitution project from the perspective of constitutional political economy
On the Fiscal Sustainability of Swiss Cantons, 1905–2017
Do Swiss cantonal governments run sustainable fiscal policies? Despite a growing literature on subnational fiscal sustainability, evidence on the Swiss case is largely missing. Drawing on a novel data set that stretches back to 1905, we test for stationarity of cantonal public debt, revenue, and spending and for cointegration between cantonal revenues and expenditures. Based on time series properties, we estimate individual fiscal reaction functi…
Standing on the shoulders of giants or science? Lessons from ordoliberalism
James Buchanan would have celebrated his 100th birthday in 2019. This serves as an inspiration to look at the future of public choice and the question of how much normativity public choice can bear. In our analysis we draw parallels between public choice and German ordoliberalism (and its source in the Freiburg School of Economics). We argue that the reception of ordoliberalism exemplifies easy-to-grasp pitfalls that should be taken seriously. We…
Common pool effects and local public debt in amalgamated municipalities
Economic Models in Politics
Wirtschaft und Politik in der Schweiz
Steuerwettbewerb und seine Auswirkungen auf Allokation und Distribution
In der Europäischen Union werden seit einiger Zeit die Auswirkungen des Steuerwettbewerbs zwischen den Mitgliedsländern und die Notwendigkeit der Steuerharmonisierung diskutiert. In der Schweiz wird eine ähnliche Diskussion hinsichtlich der kantonalen Steuerbelastungsunterschiede geführt. Auf Basis einer Übersicht über die vorliegenden theoretischen und empirischen Resultate zum Steuerwettbewerb legt Lars P. Feld eine empirische Analyse für den S…
Tax Competition and Income Redistribution
Official and hidden unemployment and the popularity of the government
Does Direct Democracy Reduce Public Debt Evidence from Swiss Municipalities
Trust breeds trust
Economic growth and judicial independence
Budget referendums and government spending
Handbook of Public Economics
Voters as a Hard Budget Constraint
The European constitution project from the perspective of constitutional political economy
Musings About the EU's Constitutional Future
The constitutional future of the European Union (EU) has attracted many scholars in economics and political science to apply their knowledge on political institutions and propose concrete suggestions.We highlight that economists and political scientists proceed quite differently in this endeavour and suggest that, due to this, they also are exposed to different pitfalls.We illustrate this by critically assessing specific proposals made in the con…
Economic Models in Politics
Conclusions or
Wirtschaft und Politik in der Schweiz
Achieving Compliance when Legal Sanctions are Non‐deterrent
Law backed by non‐deterrent sanctions (mild law) has been hypothesized to achieve compliance because of norm activation. We experimentally investigate the effects of mild law in the provision of public goods by comparing it to severe law (deterrent sanctions) and no law. The results show that exogenously imposing mild law does not achieve compliance, but compliance is much improved if mild law is endogenously chosen, i.e., self‐imposed. We show t…
For the Many or the Few
Ex Interim Voting
»Vielmehr bietet [der Kommentar] auf höchstem Niveau eine substantielle Auseinandersetzung mit den Hintergründen, den Zusammenhängen, der Theorie und der Praxis des Grundgesetzes. Besseres lässt sich von einem Verfassungskommentar nicht sagen.“ Herbert Günther Staaatsanzeiger für das Land Hessen 2018 (50), 1494–1495
Tax Compliance as the Result of a Psychological Tax Contract
A psychological tax contract goes beyond the traditional deterrence model and explains tax morale as a complicated interaction between taxpayers and the government. As a contractual relationship implies duties and rights for each contract party, tax compliance is increased by sticking to the fiscal exchange paradigm between citizens and the state. Citizens are willing to honestly declare income even if they do not receive a full public good equiv…
The Economic History of Sovereignty, or
»Vielmehr bietet [der Kommentar] auf höchstem Niveau eine substantielle Auseinandersetzung mit den Hintergründen, den Zusammenhängen, der Theorie und der Praxis des Grundgesetzes. Besseres lässt sich von einem Verfassungskommentar nicht sagen.“ Herbert Günther Staaatsanzeiger für das Land Hessen 2018 (50), 1494–1495
Gebhard Kirchgässner, 60 years on
Political stability and fiscal policy
Municipal debt in Switzerland
Das Zeitalter von Herbert Giersch
Am 11. Mai 2011 wäre Herbert Giersch 90 Jahre alt geworden. Er lehrte von 1955 bis 1969 an der Universität des Saarlandes und von 1969 bis zu seiner Emeritierung 1989 als Präsident des Instituts für Weltwirtschaft an der Universität Kiel. Zudem war Giersch Gründungsmitglied des Sachverständigenrats zur Begutachtung der gesamtwirtschaftlichen Entwicklung. Der vorliegende Band enthält die Beiträge einer Tagung, die zu seinen Ehren in Freiburg veran…
James Buchanan’s theory of federalism
Political institutions and income (re-)distribution
Political science (38 works) · Economics (35 works) · Law (24 works) · Politics (22 works) · Local Government Finance and Decentralization (20 works) · Macroeconomics (19 works) · Fiscal Policy and Economic Growth (17 works) · Public finance (16 works) · Public economics (14 works) · Fiscal Policies and Political Economy (13 works)