Debt Brake or Breach of the Rules? Building Budget Reserves in Times of Crisis
Abstract The German federal government is facing criticism for using the exemption from the national debt brake due to the coronavirus crisis to expand the fiscal leeway for its future energy and climate policies. The budget dispute is taking place against the backdrop of a massive expansion of gove...
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| Format: | Article |
| Language: | deu |
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Sciendo
2022-01-01
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| Series: | Wirtschaftsdienst |
| Online Access: | https://doi.org/10.1007/s10273-022-3089-4 |
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| _version_ | 1832573959852261376 |
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| author | Thiess Büttner |
| author_facet | Thiess Büttner |
| author_sort | Thiess Büttner |
| collection | DOAJ |
| description | Abstract The German federal government is facing criticism for using the exemption from the national debt brake due to the coronavirus crisis to expand the fiscal leeway for its future energy and climate policies. The budget dispute is taking place against the backdrop of a massive expansion of government debt in Europe. In the following, the author explain the critique of the latest supplementary budget and argues that the federal government has missed the opportunity to prove that the fiscal policy options within the existing rules are sufficient. |
| format | Article |
| id | doaj-art-366089343a234c6b9ba37410586b8bff |
| institution | Kabale University |
| issn | 0043-6275 1613-978X |
| language | deu |
| publishDate | 2022-01-01 |
| publisher | Sciendo |
| record_format | Article |
| series | Wirtschaftsdienst |
| spelling | doaj-art-366089343a234c6b9ba37410586b8bff2025-02-02T01:35:05ZdeuSciendoWirtschaftsdienst0043-62751613-978X2022-01-011021232610.1007/s10273-022-3089-4Debt Brake or Breach of the Rules? Building Budget Reserves in Times of CrisisThiess Büttner0LS für Volkswirtschaftslehre, Friedrich-Alexander-Universität Nürnberg-ErlangenAbstract The German federal government is facing criticism for using the exemption from the national debt brake due to the coronavirus crisis to expand the fiscal leeway for its future energy and climate policies. The budget dispute is taking place against the backdrop of a massive expansion of government debt in Europe. In the following, the author explain the critique of the latest supplementary budget and argues that the federal government has missed the opportunity to prove that the fiscal policy options within the existing rules are sufficient.https://doi.org/10.1007/s10273-022-3089-4 |
| spellingShingle | Thiess Büttner Debt Brake or Breach of the Rules? Building Budget Reserves in Times of Crisis Wirtschaftsdienst |
| title | Debt Brake or Breach of the Rules? Building Budget Reserves in Times of Crisis |
| title_full | Debt Brake or Breach of the Rules? Building Budget Reserves in Times of Crisis |
| title_fullStr | Debt Brake or Breach of the Rules? Building Budget Reserves in Times of Crisis |
| title_full_unstemmed | Debt Brake or Breach of the Rules? Building Budget Reserves in Times of Crisis |
| title_short | Debt Brake or Breach of the Rules? Building Budget Reserves in Times of Crisis |
| title_sort | debt brake or breach of the rules building budget reserves in times of crisis |
| url | https://doi.org/10.1007/s10273-022-3089-4 |
| work_keys_str_mv | AT thiessbuttner debtbrakeorbreachoftherulesbuildingbudgetreservesintimesofcrisis |