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fiscal space to finance an increase in needed public investment, particularly in the transport infrastructure. Unlike public … sector regulatory framework would encourage private investment in the energy infrastructure and beyond and strengthen the …
Persistent link: https://www.econbiz.de/10011245837
infrastructure declines by ten cents. We find no significant effects on spending on education, legal protection and public safety, or …
Persistent link: https://www.econbiz.de/10012157329
undisputedly necessary essential investments in the future of education, research and infrastructure. As long as the debt brake is …
Persistent link: https://www.econbiz.de/10010348931
Persistent link: https://www.econbiz.de/10014318826
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Seit Jahren hat in Deutschland die Kreditfinanzierung öffentlicher Ausgaben eine miserable Presse. Die Kampagne hat zumindest in formaler Hinsicht Früchte getragen: Das Grundgesetz enthält seit 2009 (anscheinend) strikte Vorschriften, um Budgetdefiziten einen Riegel vorzuschieben. Jedoch...
Persistent link: https://www.econbiz.de/10009656400
This 2013 Article IV Consultation highlights that Germany’s economic rebound of 2010–11 gave way to weakening momentum during the course of 2012. Although exports to non-European trading partners began to recover by mid-2012, in line with improved prospects in the United States and...
Persistent link: https://www.econbiz.de/10011244067
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In 2009, Germany invested 15.4 Billion Euro in infrastructure to avert the looming recession. In this study, we …
Persistent link: https://www.econbiz.de/10010341046
We analyse the effectiveness of fiscal policy rules for business cycle stabilisation in a monetary union using a quarterly macro-econometric model of Germany. The simulations compare a deficit target and an expenditure target under a range of supply, demand and fiscal shocks. Their effects are...
Persistent link: https://www.econbiz.de/10013102162