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In this article, we point out requirements for potential output estimates used for cyclical adjustment in the German debt brake. Further, we propose supplementing the cyclical component in the debt break with an error term - regardless of the specific potential output estimation approach. The...
Persistent link: https://www.econbiz.de/10013468405
Die zuletzt hohe Inflation hat die staatlichen Budgets vorrübergehend entlastet. GängigeSchätzverfahren zur Konjunkturbereinigung dürften die grundlegende Haushaltslagedadurch temporär zu günstig zeichnen. Das gilt auch für die Konjunkturbereinigung in derdeutschen Schuldenbremse des...
Persistent link: https://www.econbiz.de/10014433134
In this article, we point out requirements for potential output estimates used for cyclical adjustment in the German debt brake. Further, we propose supplementing the cyclical component in the debt break with an error term - regardless of the specific potential output estimation approach. The...
Persistent link: https://www.econbiz.de/10013455738
This paper analyses the structural developments underlying the evolution of public finances in Germany after qualification for EMU. For this purpose, we extend a disaggregated approach to cyclical adjustment in a way that allows us inter alia to distinguish the impact of discretionary fiscal...
Persistent link: https://www.econbiz.de/10010377679
This paper analyses the structural developments underlying the evolution of public finances in Germany after qualification for EMU. For this purpose, we extend a disaggregated approach to cyclical adjustment in a way that allows us inter alia to distinguish the impact of discretionary fiscal...
Persistent link: https://www.econbiz.de/10010492277
Persistent link: https://www.econbiz.de/10002452305
Persistent link: https://www.econbiz.de/10014565446
Persistent link: https://www.econbiz.de/10007442074
This paper analyses the structural developments underlying the evolution of public finances in Germany after qualification for EMU. For this purpose, we extend a disaggregated approach to cyclical adjustment in a way that allows us inter alia to distinguish the impact of discretionary fiscal...
Persistent link: https://www.econbiz.de/10005089417
This paper analyses the structural developments underlying the evolution of public finances in Germany after qualification for EMU. For this purpose, we extend a disaggregated approach to cyclical adjustment in a way that allows us inter alia to distinguish the impact of discretionary fiscal...
Persistent link: https://www.econbiz.de/10010777545