Relief Package: Stabilisation of Expectations
Abstract The sharp rise in energy prices represents a considerable structural risk to the German economy. Deindustrialisation has become a veritable threat. The government’s economic policy needs to establish positive expectations for energy costs in the medium term through interventions in the gas...
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| Format: | Article |
| Language: | deu |
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Sciendo
2022-10-01
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| Series: | Wirtschaftsdienst |
| Online Access: | https://doi.org/10.1007/s10273-022-3303-4 |
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| _version_ | 1832572994286780416 |
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| author | Michael Hüther |
| author_facet | Michael Hüther |
| author_sort | Michael Hüther |
| collection | DOAJ |
| description | Abstract The sharp rise in energy prices represents a considerable structural risk to the German economy. Deindustrialisation has become a veritable threat. The government’s economic policy needs to establish positive expectations for energy costs in the medium term through interventions in the gas and electricity markets. As in the COVID-19 pandemic, politicians should give companies generous deferral options for income and sales taxes and partially reimburse advance payments. The elimination of the cold progression does not constitute a tax relief and does not contradict the support of liquidity-weak households with targeted transfers, as both measurements are necessary for different reasons. |
| format | Article |
| id | doaj-art-2284cfc9ca5a4a6f835fdc44ad757f55 |
| institution | Kabale University |
| issn | 1613-978X |
| language | deu |
| publishDate | 2022-10-01 |
| publisher | Sciendo |
| record_format | Article |
| series | Wirtschaftsdienst |
| spelling | doaj-art-2284cfc9ca5a4a6f835fdc44ad757f552025-02-02T05:57:25ZdeuSciendoWirtschaftsdienst1613-978X2022-10-011021075776010.1007/s10273-022-3303-4Relief Package: Stabilisation of ExpectationsMichael Hüther0Institut der deutschen Wirtschaft Köln e.V.Abstract The sharp rise in energy prices represents a considerable structural risk to the German economy. Deindustrialisation has become a veritable threat. The government’s economic policy needs to establish positive expectations for energy costs in the medium term through interventions in the gas and electricity markets. As in the COVID-19 pandemic, politicians should give companies generous deferral options for income and sales taxes and partially reimburse advance payments. The elimination of the cold progression does not constitute a tax relief and does not contradict the support of liquidity-weak households with targeted transfers, as both measurements are necessary for different reasons.https://doi.org/10.1007/s10273-022-3303-4 |
| spellingShingle | Michael Hüther Relief Package: Stabilisation of Expectations Wirtschaftsdienst |
| title | Relief Package: Stabilisation of Expectations |
| title_full | Relief Package: Stabilisation of Expectations |
| title_fullStr | Relief Package: Stabilisation of Expectations |
| title_full_unstemmed | Relief Package: Stabilisation of Expectations |
| title_short | Relief Package: Stabilisation of Expectations |
| title_sort | relief package stabilisation of expectations |
| url | https://doi.org/10.1007/s10273-022-3303-4 |
| work_keys_str_mv | AT michaelhuther reliefpackagestabilisationofexpectations |