Baseline work on fiscal policy
The Economic and Monetary Policy Division (EMP) advises the Head of the Federal Department of Finance and the Executive Board of the Federal Finance Administration (FFA) on economic and monetary policy issues. EMP's work serves to ensure sound economic, fiscal and monetary policy decision-making. By publishing working papers, baseline reports and notes, EMP promotes dialogue between politicians, public services, academia and interested parties, and underpins the importance of the FFA as a centre of competence for fiscal policy. This page also lists EMP's work that has been published in academic journals.

Fiscal rules and debt brake
Here you will find analyses and reports on the functioning and effects of fiscal rules and the debt brake.

Long-term challenges
Here you will find analyses and reports on the long-term challenges in fiscal policy, such as old-age pension, healthcare expenditure, and climate change.

Climate policy
Here you will find analyses and reports on the relationship between climate change, climate policy instruments and public finances.

Business cycle and growth
Here you will find analyses and reports on macroeconomic issues such as productivity, interest rates and structural change, as well as their impact on public finances.
Taxes, subsidies and distribution
Here you will find analyses and reports on redistribution, subsidies and developments in tax policy, such as the OECD's minimum taxation.
EMP
Questions and feedback regarding the works published here are welcome and will be gladly received by EMP.