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Many observers consider the German 'debt brake' beyond criticism. In the current crisis, many European countries have difficulties refinancing their budgets, while the German treasury's funding conditions are most favourable. The 'fiscal compact's' call for the introduction of German-style 'debt...
Persistent link: https://www.econbiz.de/10010310935
German debt brake can therefore hardly serve as a good example for other countries. -- Germany ; debt brake ; Euro zone …
Persistent link: https://www.econbiz.de/10009667123
debt brake, which is sometimes interpreted as causality. At the same time Germany's economic performance is better than … analysis of the "structural" consolidation of public finances in Germany for the period from 1991 until 2017 showing that the … German debt brake is not the cause of the successful budget consolidation in Germany since 2010. The improvement of the …
Persistent link: https://www.econbiz.de/10011859417
Fiscal rules have become popular to limit deficits and high debt burdens in industrialized countries. A growing literature examines their impact based on aggregate fiscal performance. So far, no evidence exists on how fiscal rules influence deficit expectations of fiscal policy makers. In the...
Persistent link: https://www.econbiz.de/10010357588
This research note discusses the Euro crisis in Greece in light of the referendum of July the 5th. It lays out the social and political costs of a GREXIT, but also of a continuing austerity policy. It proposes a reform policy fostering growth in Greece and discusses the role of conditionality....
Persistent link: https://www.econbiz.de/10011308548
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The sharp rise in energy prices represents a considerable structural risk to the German economy. Deindustrialisation has become a veritable threat. The government’s economic policy needs to establish positive expectations for energy costs in the medium term through interventions in the gas and...
Persistent link: https://www.econbiz.de/10013415683
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Aufgrund der seit langem geführten Debatte um das Für und Wider der Nutzung des Politikinstruments der Staatsverschuldung wissen wir recht viel darüber, was Experten (z. B. Finanzpolitiker/‌-‍wissenschaftler) von Haushaltskonsolidierung, Deficit-Spending oder Verschuldungsgrenzen halten....
Persistent link: https://www.econbiz.de/10012155253