Gebhardt, Heinz; Kambeck, Rainer; Matz, Florian; … - In: Zeitschrift für Wirtschaftspolitik 61 (2012) 2, pp. 214-231
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...
