We use novel German survey data to investigate how perceptions and information about public finances influence attitudes towards public debt and fiscal rules. On average, people strongly underestimate the debt-to-GDP ratio, overestimate the interest-to-tax-revenue ratio and favor a tighter...

We use novel German survey data to investigate how perceptions and information about public finances influence attitudes towards public debt and fiscal rules. On average, people strongly underestimate the debt-to-GDP ratio, overestimate the interest-to-tax-revenue ratio and favor a tighter...

We use novel German survey data to investigate how perceptions and information about public finances influence attitudes towards public debt and fiscal rules. On average, people strongly underestimate the debt-to-GDP ratio, overestimate the interest-to-tax-revenue ratio and favor a tighter...

We use novel German survey data to investigate how perceptions and information about public finances influence attitudes towards public debt and fiscal rules. On average, people strongly underestimate the debt-to-GDP ratio, overestimate the interest-to-tax-revenue ratio and favor a tighter...

The paper analyses how the IMF brought its experience gained in emerging market sovereign debt crises in the troika’s handling of the euro crisis. We link models of multiple equilibria with the IMF's experience made in Latin American crises in the 2000s. We examine subsequent changes in the...

Die Staatsschuldenquoten werden infolge der Coronakrise weltweit erheblich steigen. Angesichts des strikten fiskalischen Regelwerks für die Mitgliedsländer der EU und insbesondere des Euroraums bedeutet das eine enorme Herausforderung. Die Europäische Kommission berät seit Anfang des Jahres...

Debt-to-GDP ratios are set to rise significantly all over the world as a result of the coronavirus crisis. This will pose a huge challenge for the EU's member states and in particular the euro area countries, because of the strict fiscal rules that apply to them. In a consultation process that...

Modern Monetary Theory (MMT) ist ein keynesianischer Ansatz, der Geld in den Mittelpunkt der Analyse stellt und die Rolle des Staates in einer geldvermittelten Marktwirtschaft herausarbeitet, in der Vollbeschäftigung weder den Normalfall noch ein Gravitationszentrum darstellt. In der...