In a bold legislative move, in 2009 Germany introduced a fundamental reform of the government borrowing rules which are specified in its constitu-tion. In particular, state governments will be required to provide a balanced budget, abstracting from cyclical fluctuations, starting in the year...

Deutschland hat im August 2009 eine Schuldenregel im Grundgesetz verankert. Die Bundesländer müssen bis 2020 ihre Ausgaben grundsätzlich ohne Kredite finanzieren. Konjunkturbedingte Defi zite sind weiterhin möglich, die in konjunkturell guten Zeiten ausgeglichen werden müssen. Das RWI hat...

In a bold legislative move, in 2009 Germany introduced a fundamental reform of the government borrowing rules which are specified in its constitution. In particular, state governments will be required to provide a balanced budget, abstracting from cyclical fluctuations, starting in the year...