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Is the debt brake behind Germany's successful fiscal consolidation?
Rietzler, Katja; Truger, Achim - 2018
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 … fast consolidation after the Great Recession coincided with the transition period for the full introduction of the federal …
Persistent link: https://www.econbiz.de/10011859417
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The German 'debt brake': A shining example for European fiscal policy?
Truger, Achim; Will, Henner - 2012
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
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Future fiscal and debt policies : Germany in the Context of the European Monetary Union
Hein, Eckhard; Truger, Achim - 2013
Currently fiscal policies in Germany seem to be in a very comfortable position and the German Debt Brake is regarded as …
Persistent link: https://www.econbiz.de/10009756271
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Austerity in the Euro area : the sad state of economic policy in Germany and the EU
Truger, Achim - 2013
theoretical or purely ideological foundations. Germany as the most economically and politically influential member state of the …
Persistent link: https://www.econbiz.de/10009756285
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The debt brake in the eyes of the German population
Hayo, Bernd; Neumeier, Florian - 2014 - This version: 23 June 2014
In response to the recent sovereign debt crisis, the member states of the European Union agreed to enact balanced budget rules in their national legislation. However, little is known about the public's opinion of balanced budget rules. To fill this gap, we conducted a survey among 2,000...
Persistent link: https://www.econbiz.de/10010386575
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Fiscal policy and rebalancing in the Euro area : a critique of the German debt brake from a Post-Keynesian perspective
Hein, Eckhard; Truger, Achim - 2013
and/or investment and savings behavior in Germany. …
Persistent link: https://www.econbiz.de/10010187671
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Staatsverschuldung aus Bürgersicht : ein Forschungsüberblick
Mause, Karsten - In: Vierteljahrshefte zur Wirtschaftsforschung 88 (2019) 4, pp. 39-49
experts (e. g. fiscal policymakers, economists) think of deficit spending, budget consolidation or fiscal rules. In contrast …
Persistent link: https://www.econbiz.de/10012155253
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Austerity and the political economy of the German debt brake
Heise, Arne - 2024
The recent judgment of the German Federal Constitutional Court has clarified that the debt brake enshrined in the German Basic Law (Grundgesetz) is intended to do exactly what the legislature intended when it was adopted in 2009: to tie the hands of political actors and block the 'easy way out...
Persistent link: https://www.econbiz.de/10014631927
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To consolidate or not to consolidate? : a multi-step analysis to assess needed fiscal sustainability
Afonso, António; Alves, José; Jalles, João Tovar - 2022
We assess the specific need (or its absence) of a country to implement a fiscal consolidation programme by focusing … of a fiscal consolidation program implies an improvement in the degree of public finances´ sustainability, for in …
Persistent link: https://www.econbiz.de/10012938962
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Does Government Spending Efficiency Improve Fiscal Sustainability?
Afonso, António; Alves, José - 2022
We evaluate the impact of government spending efficiency on fiscal sustainability for a panel of 35 OECD countries during the period of 2007-2020. To answer our research question we first compute the magnitude of the responses of government revenues to changes in government spending. Next, we...
Persistent link: https://www.econbiz.de/10013289691