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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
Der Schuldenstand des deutschen Staates wächst in der Pandemie auf voraussichtlich 2,7 Billionen Euro im Jahr 2022. Der Zenit der Schuldenstandquote wird bereits Ende dieses Jahres mit 75 Prozent erreicht werden. Von den 650 Milliarden zusätzlichen Staatsschulden während der Corona-Krise...
Persistent link: https://www.econbiz.de/10012498596
Both the German federal as well as the general government recorded a surplus for the fourth time in a row in 2017. The fast consolidation after the Great Recession coincided with the transition period for the full introduction of the federal debt brake, which is sometimes interpreted as...
Persistent link: https://www.econbiz.de/10011859417
. Vielfältige Unterstützungsmaßnahmen sollen deren Folgen abmildern. Dieser Beitrag zeichnet die wirtschaftliche Entwicklung in den …
Persistent link: https://www.econbiz.de/10012520102
The EU's Lisbon strategy of 2000 (renewed in 2005) calls for substantial improvements in the quality and sustainability of public finance. In this context, the current study concentrates on the growth potential of public expenditures. National Reform Programs are analyzed in order to draw...
Persistent link: https://www.econbiz.de/10013123405
This paper is about the impact of clusters on entrepreneurship at the regional level. Defining entrepreneurship as the … institutions in related industries, this paper aims to answer three research questions: first, do clusters matter to … entrepreneurship at the regional level? Second, if clusters are associated with different levels of entrepreneurship, what explains …
Persistent link: https://www.econbiz.de/10014160113
Do legal institutions affect norms of cooperation? Using the introduction of the Code Napoleon during the Napoleonic … Wars in Germany as a historical experiment, I show that a positive shock to the quality of legal institutions can increase … be a potential mechanism for the relationship between legal institutions and social capital. …
Persistent link: https://www.econbiz.de/10009775710
The paper promotes the performance of the European market as a measure of the efficiency of its societies. The social market economy and the international standards of the social sciences and disciplines are essential to providing prosperity for all. The economic perspective comes naturally. A...
Persistent link: https://www.econbiz.de/10014519285
We investigate the dynamic effects of interregional labor market integration on migration flows, capital formation, and the price for housing services. The co-evolution of these variables depends on initial conditions at the time of labor market integration. In an initially capital-poor economy,...
Persistent link: https://www.econbiz.de/10012983236