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The German 'debt brake' : a shining example for European fiscal policy?

Truger, Achim; Will, Henner - 2012

German debt brake can therefore hardly serve as a good example for other countries. -- Germany ; debt brake ; Euro zone …

Persistent link: https://www.econbiz.de/10009667123

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 rules and compliance expectations : evidence for the German debt brake

Heinemann, Friedrich; Janeba, Eckhard; Schröder, Christoph - 2014

Fiscal rules have become popular to limit deficits and high debt burdens in industrialized countries. A growing literature examines their impact based on aggregate fiscal performance. So far, no evidence exists on how fiscal rules influence deficit expectations of fiscal policy makers. In the...

Persistent link: https://www.econbiz.de/10010357588

Completing the monetary union of Europe as mid-term solution of the Euro crisis

Fischer, Justina A. V.; Pastore, Francesco - 2015

This research note discusses the Euro crisis in Greece in light of the referendum of July the 5th. It lays out the social and political costs of a GREXIT, but also of a continuing austerity policy. It proposes a reform policy fostering growth in Greece and discusses the role of conditionality....

Persistent link: https://www.econbiz.de/10011308548

Finanzpolitische Herausforderungen : Leitartikel

Janeba, Eckhard - In: Wirtschaftsdienst : Zeitschrift für Wirtschaftspolitik 104 (2024) 3, pp. 142-143

Persistent link: https://www.econbiz.de/10014511773

A challenge for the G20 : globally stipulated debt brakes and transnational independent fiscal supervisory councils

Dolls, Mathias; Peichl, Andreas; Zimmermann, Klaus F. - 2011

debt brakes which are in force in Switzerland and Germany. The new fiscal policy framework thus leaves enough room for …

Persistent link: https://www.econbiz.de/10009383552

Regional integration and the euro crisis : problems and solutions

Pessoa, Argentino - 2013

Along time the European Union (EU) has been pointed as the most succeeded example of regional integration. Now, this example has been cruelly shaken by the EZ (Euro Zone) crisis, originating increasing doubts about the integration process. It is evident that the proposed solutions for attacking...

Persistent link: https://www.econbiz.de/10011515832

A Dynamic Definition of the Structural Budget Deficit

Larson, Sven R. - 2014

The debate over legal requirements of a balanced federal budget has gained new life. A requirement would have strong implications for future fiscal policy. Done right, a requirement will allow Congress to combine a balanced budget with policy goals such as growth and full employment. Done wrong,...

Persistent link: https://www.econbiz.de/10013040528

At the Core of the Sovereign Crisis in Spain : Restructuring Subnational Debt vs Internal Bail-Out

Tirado, Ignacio - 2013

Spain´s sovereign crisis has many sides and causes. An unviable economic model and an insolvent financial sector generated a private sector crisis that rapidly spread to the Government´s balance sheet. The public sector itself had –and continues to have- its own serious dysfunctions. One of...

Persistent link: https://www.econbiz.de/10013076101

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

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