The Cyclical Component of the Debt Brake — Leeway and Limits

Abstract This article discusses the constitutional framework for reforming the cyclical component of the debt brake in Germany. This component takes cyclical developments into account when determining the permissible level of public debt. When designing the cyclical component, a variety of judgments...

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Bibliographic Details
Main Authors: Stefan Korioth, Michael W. Müller
Format: Article
Language:deu
Published: Sciendo 2021-12-01
Series:Wirtschaftsdienst
Online Access:https://doi.org/10.1007/s10273-021-3068-1
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