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Im Februar 2009 haben sich Bund und Länder im Rahmen der Föderalismuskommission II auf eine neue Schuldenregel geeinigt. Diese stimmt in den Grundzügen mit der 2001 in der Schweiz eingeführten Schuldenbremse überein. Wie sind diese Regelungen ausgestaltet? Was wird an ihnen kritisiert?
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The Swiss debt brake served as a model for the new German budget rule. The two tools share the long-term goal of rendering fiscal policy sustainable by stabilising nominal debt as well as the short-term goal of smoothing the economic cycle. Debt brakes thus act as an automatic stabiliser within...
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The euro area crisis is the main external factor threatening the Swiss economy. In 2010 and 2011, the Swiss franc was rapidly appreciating against the euro, causing a drop in exports, losses for the tourism business and a rise in unemployment. This paper gives an overview of developments in the...
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