Feld, Lars P.; Reuter, Wolf Heinrich - 2021 - Final draft, Version: 16 June 2021
Germany introduced a new fiscal rule, the ‘debt brake’, after the Global Financial Crisis and since then experienced a … the current crisis in Germany illustrate the intended effects of fiscal rules very well. Debt ratios are reduced during … important for Germany and other economies to repeat the reduction in the debt to GDP ratio in order to be prepared for the next …