The Cyclical Adjustment Procedure of the German Debt Brake: a Plea for Methodical Reforms
Abstract The cyclical adjustment procedure of the debt brake is one of the most important elements of the German deficit rule. The cyclical adjustment enables governments that are borrowing to take account of current business cycle developments: In economic upturns, the scope for net borrowing shrin...
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| Main Authors: | , |
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| Format: | Article |
| Language: | deu |
| Published: |
Sciendo
2022-11-01
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| Series: | Wirtschaftsdienst |
| Online Access: | https://doi.org/10.1007/s10273-022-3322-1 |
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