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forecasts of budget deficits. Yet national accounts data of the eurozone countries are now a reliable basis for macroeconomic … policy decisions. The stability and growth pact of the eurozone countries relies heavily on one indicator of fiscal … eurozone governments. …
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forecasts of budget deficits. Yet national accounts data of the eurozone countries are now a reliable basis for macroeconomic … policy decisions. The stability and growth pact of the eurozone countries relies heavily on one indicator of fiscal … eurozone governments …
Persistent link: https://www.econbiz.de/10014088820
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Debt-to-GDP ratios have grown to unprecedented levels in many industrialized economies. This requires disciplined consolidation efforts which are, however, supposed to come now at the wrong time with the economic recovery being fragile. Against this background, we call for a global debt brake...
Persistent link: https://www.econbiz.de/10009522510
instrument than the former Stability and Growth Pact for the Eurozone which in fact stipulated a ceiling for the budget deficit …
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Debt-to-GDP ratios have grown to unprecedented levels in many industrialised economies. To combat this threat, the authors call for a global debt brake following the Swiss or German example. The debt brakes should be incorporated into national constitutions and monitored by independent...
Persistent link: https://www.econbiz.de/10009686821
Debt-to-GDP ratios have grown to unprecedented levels in many industrialized economies. This requires disciplined consolidation efforts which are, however, supposed to come now at the wrong time with the economic recovery being fragile. Against this background, we call for a global debt brake...
Persistent link: https://www.econbiz.de/10013067052