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Is the debt brake behind Germany's successful fiscal consolidation?

Rietzler, Katja; Truger, Achim - 2018

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 consolidation policies in the context of Italy's two recessions

Figari, Francesco; Fiorio, Carlo V. - 2015

The Italian Great Recession has a double-dip pattern. After the start of the global financial crisis, Italy experienced a second serious recession in 2011 because of the sovereign debt crisis. The reaction of Italian governments was mild at the beginning and more convinced since the start of the...

Persistent link: https://www.econbiz.de/10011284961

Growth-friendly fiscal rules? : safeguarding public investment from budget cuts through fiscal rule design

Ardanaz, Martín; Cavallo, Eduardo A.; Izquierdo, Alejandro - 2020

We show that some types of fiscal rules can mitigate the well-known procyclical bias in public capital expenditures. Past research has found that fiscal adjustment episodes coincide with large public investment cuts, a pattern we also document in a sample of 75 advanced and emerging economies...

Persistent link: https://www.econbiz.de/10012167402

Austerity in the euro area : the sad state of economic policy in Germany and the EU

Truger, Achim - In: European journal of economics and economic policies : … 10 (2013) 2, pp. 158-174

Persistent link: https://www.econbiz.de/10010199535

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

Staatsverschuldung aus Bürgersicht : ein Forschungsüberblick

Mause, Karsten - In: Vierteljahrshefte zur Wirtschaftsforschung 88 (2019) 4, pp. 39-49

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

Challenges for the EU as Germany approaches recession

Zestos, George K.; Cooke, Rachel N. - 2020

This paper analyzes recent macroeconomic developments in the eurozone, particularly in Germany. Several economic …. This paper explains Germany's hesitancy to protect its economy, which has been based on a political and historical ideology …

Persistent link: https://www.econbiz.de/10012165421

The debt brake : business cycle and welfare consequences of Germany’s new fiscal policy rule

Mayer, Eric; Stähler, Nikolai - In: Empirica : journal of european economics 40 (2013) 1, pp. 39-74

Persistent link: https://www.econbiz.de/10009712559

The Resurgence of Inflation : Lessons from History and Policy Recommendations

Heine, Michael; Herr, Hansjörg - 2024

Chapter 1. introduction -- Chapter 2. The German Hyperinflation of 1923 -- Chapter 3. Macroeconomic Developments from the End of theof the 1960s to the early 1980s -- Chapter 4. The Inflation Wave from the Late 1960s onward -- Chapter 5. Comparison of developments in the various countries --...

Persistent link: https://www.econbiz.de/10014470301

The Composition of Fiscal Consolidation Matters : Policy Simulations for Hungary

Guerson, Alejandro - 2013

This paper evaluates policy alternatives to achieve permanent fiscal consolidation in Hungary, based on a general equilibrium calibration. The main finding is that the composition of the consolidation, as determined by the mix of revenue and expenditure measures, has important implications for...

Persistent link: https://www.econbiz.de/10013073774