Experiences with budget rules in Switzerland and Germany

The Swiss debt brake served as a model for the new German budget rule. The two tools share the long-term goal of rendering fiscal policy sustainable by stabilising nominal debt as well as the short-term goal of smoothing the economic cycle. Debt brakes thus act as an automatic stabiliser within the economic cycle, but their effect can be impaired over the long term if government spending falls as debt is reduced.

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Year of publication:	2015
Authors:	Hausner, Karl Heinz ; Simon, Silvia
Published in:	Intereconomics. - Heidelberg : Springer, ISSN 1613-964X. - Vol. 50.2015, 2, p. 99-107
Publisher:	Heidelberg : Springer
Subject:	Haushaltskonsolidierung \| Haushaltsdefizit \| Öffentliche Schulden \| Vergleich \| Schweiz \| Deutschland

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Type of publication:	Article
Type of publication (narrower categories):	Article
Language:	English
Other identifiers:	10.1007/s10272-015-0531-5 [DOI] 822009773 [GVK] hdl:10419/172655 [Handle]
Source:	EconStor

Persistent link: https://www.econbiz.de/10011773242