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The debt brake : business cycle and welfare consequences of Germany's new fiscal policy rule
Mayer, Eric; Stähler, Nikolai - 2009
In a New Keynesian DSGE model with non-Ricardian consumers, we show that automatic stabilization according to a countercyclical spending rule following the idea of the debt brake is well suited both to steer the economy and in terms of welfare. In particular, the adjustment account set up to...
Persistent link: https://www.econbiz.de/10003873005
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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
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Distortionary taxation, debt, and the transmission of fiscal policy shocks
Linnemann, Ludger - In: FinanzArchiv : European journal of public finance 61 (2005) 3, pp. 368-392
Persistent link: https://www.econbiz.de/10003202032
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The Debt Brake : Business Cycle and Welfare Consequences of Germany's New Fiscal Policy Rule
Mayer, Eric - 2016
In a New Keynesian DSGE model with non-Ricardian consumers, we show that automatic stabilization according to a countercyclical spending rule following the idea of the debt brake is well suited both to steer the economy and in terms of welfare. In particular, the adjustment account set up to...
Persistent link: https://www.econbiz.de/10012991012
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Update: wo stehen die öffentlichen Finanzen in und nach der Corona-Krise? : Kurzgutachten im Auftrag der Initiative Neue Soziale Marktwirtschaft
Boysen-Hogrefe, Jens - Institut für Weltwirtschaft - 2020
Die Corona-Krise hat zu einem starken Konjunktureinbruch in Deutschland geführt. Nach einem zwischenzeitlichen … diskutiert. Eine besondere Bedeutung hat dabei die Frage, wie die Finanzpolitik einen Pfad zur regulären Schuldenbremse gestalten …
Persistent link: https://www.econbiz.de/10012487695
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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
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French public finances through the financial crisis : it's a long way to recovery
André, Mathias; Bozio, Antoine; Guillot, Malka; … - In: Fiscal studies : the journal of the Institute for … 36 (2015) 4, pp. 431-452
Persistent link: https://www.econbiz.de/10011413456
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Fiscal consolidation policies in the context of Italy's two recessions
Figari, Francesco; Fiorio, Carlo V. - In: Fiscal studies : the journal of the Institute for … 36 (2015) 4, pp. 499-526
Persistent link: https://www.econbiz.de/10011413462
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Income distribution and economic cycles in an open-economy supermultiplier model
Dvoskin, Ariel; Landau, Matias Torchinsky - In: Structural change and economic dynamics : SC+ED 64 (2023), pp. 273-291
Persistent link: https://www.econbiz.de/10014463945