Debates around the German debt brake currently focus on the whether and how of constitutional reform. Yet, a key … component of the debt brake - cyclical adjustment - is only specified in ordinary law. And upon closer inspection, it is … precisely that part of the debt brake that is most in need of reform: The cyclical component in its current form does not …

The German debt brake forces the German government to target a very specific public deficit to GDP ratio. A ruling of … the German constitutional court has drawn attention to the debt brake, as it is to be enforced more tightly than the … federal German government previously thought. In this article, the author argues that the debt brake should be abolished. It …

Mario Monti became Prime Minister of Italy in the autumn of 2011 after the refinancing of Italy's debt in the financial … an absolute priority. This, however, has only been somewhat successful. Although the new debt was decreased and the …

In the debate on the German debt brake, there is an emerging consensus in favour of reform. Most recently, Feld et al …. (2024) attempted to refute the frequently voiced criticism that the debt brake hinders government investment. The synthetic … control method used compares Germany's actual investment activity with a synthetic "Germany without a debt brake". This …

financial and sovereign debt crisis created significant changes in the market. Furthermore, new regulatory specifications for …

Germany has now been running surpluses or balancing its public budgets for eight years. Accordingly, the debt …

Germany has now been running surpluses or balancing its public budgets for eight years. Accordingly, the debt …

Germany has now been running surpluses or balancing its public budgets for eight years. Accordingly, the debt …