Budget Semi-Elasticity and its Impact on Debt Flexibility in the Context of the Debt Brake

Abstract The debate on the cyclical adjustment procedure of the debt brake has focused on problems with regards to potential output. The second key determinant of the cyclical budget component, however, has been neglected: the semi-elasticity of the budget balance, which measures the response of fed...

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Bibliographic Details
Main Authors: Philipp Heimberger, Bernhard Schütz
Format: Article
Language:deu
Published: Sciendo 2022-11-01
Series:Wirtschaftsdienst
Online Access:https://doi.org/10.1007/s10273-022-3325-y
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