Büttner, David; Meurers, Martin - In: Vierteljahrshefte zur Wirtschaftsforschung 88 (2019) 4, pp. 51-66
Reducing public debt to around 60%of GDP is a success for German fiscal policy.We show that the key factors were stable … founding members, have flexible labour markets and used an effective counter-cyclical policy during the crisis. … Konsolidierung bei gleichzeitig hohem Wirtschaftswachstum - also einem sog. "expansionary fiscal adjustment" – stellt Deutschland …