Germany introduced a new fiscal rule, the ‘debt brake’, after the Global Financial Crisis and since then experienced a … the current crisis in Germany illustrate the intended effects of fiscal rules very well. Debt ratios are reduced during … important for Germany and other economies to repeat the reduction in the debt to GDP ratio in order to be prepared for the next …

In a bold legislative move, in 2009 Germany introduced a fundamental reform of the government borrowing rules which are …

Die steigende Staatsverschuldung in Deutschland und Europa ist höchst besorgniserregend. Da eine hohe Verschuldung mit … Weiterentwicklung des rechtlichen Rahmens in Deutschland und Europa. Hierzu zählen die Härtung des Stabilitäts- und Wachstumspakts, die …

and/or investment and savings behavior in Germany. …

theory shows that the effect of debt cuts on fiscal compliance depends on two effects, the direction of which determines the … survey data from members of state parliaments in Germany. Data limitations notwithstanding, our results offer some …