Diskussionspapier zu den Erfolgsfaktoren und Herausforderungen der Schuldenbremse

Germany introduced a new fiscal rule, the ‘debt brake’, after the Global Financial Crisis and since then experienced a strong decline in its public debt to GDP ratio until the coronavirus pandemic
struck. The past ten years and the reaction to the current crisis in Germany illustrate the intended effects of fiscal rules very well.

Zum Papier…