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Solvency and sustainability of fiscal policies in the EU

✍ Scribed by Paul Van Rompuy


Publisher
Springer
Year
1995
Tongue
English
Weight
836 KB
Volume
143
Category
Article
ISSN
0013-063X

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Sustainable Fiscal Policy in a Federal S
✍ Gebhard Kirchgaessner πŸ“‚ Article πŸ“… 2005 πŸ› Swiss Political Science Association 🌐 German βš– 453 KB

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