Hausner, Karl Heinz; Simon, Silvia - In: Intereconomics 50 (2015) 2, pp. 99-107
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...
