Heimberger, Philipp; Schütz, Bernhard - In: Wirtschaftsdienst : Zeitschrift für Wirtschaftspolitik 102 (2022) 11, pp. 834-837
The debate on the cyclical adjustment procedure of the debt brake has focused on problems with regards to potential output. The second key determinant of the cyclical budget component, however, has been neglected: the semi-elasticity of the budget balance, which measures the response of federal...
