Is the Cyclical Component of the Debt Brake Still Up to Its Task?

Abstract Debates around the German debt brake currently focus on the whether and how of constitutional reform. Yet, a key component of the debt brake — cyclical adjustment — is only specified in ordinary law. And upon closer inspection, it is precisely that part of the debt brake that is most in nee...

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Bibliographic Details
Main Authors: Max Krahé, Florian Schuster, Philippa Sigl-Glöckner
Format: Article
Language:deu
Published: Sciendo 2021-08-01
Series:Wirtschaftsdienst
Online Access:https://doi.org/10.1007/s10273-021-2984-4
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