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Future fiscal and debt policies: Germany in the Context of the European Monetary Union

Hein, Eckhard; Truger, Achim - Fachbereich Wirtschaftswissenschaften, Hochschule für … - 2013

Currently fiscal policies in Germany seem to be in a very comfortable position and the German Debt Brake is regarded as an institutional precondition for this success and has been exported to the Euro area in the guise of the Fiscal Compact. In this paper we scrutinize German fiscal policies and...

Persistent link: https://www.econbiz.de/10010955076

Austerity in the Euro area: The sad state of economic policy in Germany and the EU

Truger, Achim - Fachbereich Wirtschaftswissenschaften, Hochschule für … - 2013

The Euro area is currently going through its worst period of recession and economic stagnation since the Great Depression and World War II. The article tries to give an impression of the extraordinary degree of fiscal austerity and the devastating economic effects it has already had and must be...

Persistent link: https://www.econbiz.de/10010955081

Austerity, cyclical adjustment and the remaining leeway for expansionary fiscal policies within the current EU fiscal framework

Truger, Achim - Fachbereich Wirtschaftswissenschaften, Hochschule für … - 2015

investment programme on the European level insisting, however, that the existing rules of the Stability and Growth Pact be … Juncker-Plan to stimulate (public) investment and is using a less strict interpretation of the Stability and Growth Pact in … effort as well as on ways to increase public investment. It will be shown that even in the existing framework the leeway for …

Persistent link: https://www.econbiz.de/10011272916