Germany, Economist August 9, 1966
Lars Peter Feld is director of the Walter Eucken Institut, Professor for Economic Policy at the University of Freiburg, and a member of the German Council of Economic Experts.
Also known as University Teacher
Fiscal decentralisation does not lead to higher economic growth because economic growth is much more driven by factors other than taxes and spending, e.g. increases in technological progress and improved human capital.
Central banks need to be able to buy bonds if there are short-term malfunctions of the markets. But buying bonds without differentiation and without limits would be very problematic.
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