should try to stabilize the debt ratio at a maximum of 60 percent of GDP in the medium term. V. Rendering public finances …

should try to stabilize the debt ratio at a maximum of 60 percent of GDP in the medium term. V. Rendering public finances …

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 …