Paper on Intergenerationally Equitable Financial Policy:
Principles, Analysis, and Political Demands

Politicians and the press speak much about the future when it comes to the topic of financial policy. For the most part, however, abstractly; concrete contemplation of intergenerational equity is rare. An attempt to put forward principles for an intergenerationally equitable financial policy that, in addition to the topic of debt, also includes revenue and expenditure policy is ventured with this treatise.

These principles form the basis for an analysis of the federal government’s financial policy since 1950 as well as a comprehensive catalog of demands for intergenerationally equitable financial policy. A noteworthy feature of this paper is that it doesn’t measure the intergenerational equity of financial policy based on fiscal dimensions alone, but also indirectly includes the effect of implemented funds upon intergenerational equity through the development of ecological and social as well as real capital and educational capital and the consequences of non-initiated future investments.
 

Published in 2002 in German:

“Generationengerechte Finanzpolitik: Grundsätze, Analyse und politische Forderungen” (Intergenerationally Equitable Financial Policy: Principles, Analysis, and Political Demands).
 

Please read the english summary!