Using a small theoretical model it is first shown that it is reasonable to limit public deficit and debt in relation to GDP in the long-run. Then we describe fiscal institutions called 'debt brakes' which are designed to prevent public deficit and debt from going off course. We present some models w
β¦ LIBER β¦
Fiscal Policy Stabilisation in a Federal State: Germany's Experiences in the 1990s
- Publisher
- Springer
- Year
- 2000
- Weight
- 108 KB
- Volume
- 37
- Category
- Article
- ISSN
- 0343-754X
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