The German debt brake is often regarded as a great success story, and has therefore served as a role model for the Euro … area and its fiscal compact. In this paper we fundamentally criticize the debt brake. We show that (1) it suffers from … avoid the deflationary pressures of the German debt brake on domestic demand and contribute to internally rebalancing the …

Currently fiscal policies in Germany seem to be in a very comfortable position and the German Debt Brake is regarded as … against this theoretical background. We then turn to German fiscal policies during the Great Recession, the German Debt Brake … scenarios which could avoid the deflationary pressures of the German Debt Brake and the Fiscal Compact on domestic demand and …

The German debt brake is often regarded as a great success story, and has therefore served as a role model for the Euro … area and its fiscal compact. In this paper we fundamentally criticize the debt brake. We show that (1) it suffers from … avoid the deflationary pressures of the German debt brake on domestic demand and contribute to internally rebalancing the …

utilisation from a normal or target rate of utilisation, we rather focus on the so far neglected issues of deficit, debt and … system towards such a growth rate, analyse the related long-run debt dynamics and deal with stability and income distribution …

In a Kaleckian distribution and growth model with workers' debt we examine the short- and long-run effects of three … workers for consumption purposes. In particular, we specify the conditions for long-run stability of the workers' debt …