Sigl-Gloeckner, Philippa; Krahé, Max; Schneemelcher, Pola - 2021
The sustainability of public finances should be measured by the debt-to-GDP ratio; the debt-to-GDP ratio is best controlled by keeping the deficit in check. For decades, these ideas shaped German fiscal policy. In 2009, with the introduction of the debt brake, this approach found its way into...