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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
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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
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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
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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
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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
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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
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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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Future fiscal and debt policies : Germany in the Context of the European Monetary Union
Hein, Eckhard; Truger, Achim - 2013
Currently fiscal policies in Germany seem to be in a very comfortable position and the German Debt Brake is regarded as …
Persistent link: https://www.econbiz.de/10009756271
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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
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The debt brake in the eyes of the German population
Hayo, Bernd; Neumeier, Florian - 2014 - This version: 23 June 2014
In response to the recent sovereign debt crisis, the member states of the European Union agreed to enact balanced budget rules in their national legislation. However, little is known about the public's opinion of balanced budget rules. To fill this gap, we conducted a survey among 2,000...
Persistent link: https://www.econbiz.de/10010386575