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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| Format: | Article |
| Language: | deu |
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Sciendo
2021-12-01
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| Series: | Wirtschaftsdienst |
| Online Access: | https://doi.org/10.1007/s10273-021-3068-1 |
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| _version_ | 1832571581003464704 |
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| author | Stefan Korioth Michael W. Müller |
| author_facet | Stefan Korioth Michael W. Müller |
| author_sort | Stefan Korioth |
| collection | DOAJ |
| description | 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 must be made to determine the normal cyclical situation, especially with regard to the compatibility of family and work, the extent of part-time work and the retirement age. The parliamentary legislature, which enjoys considerable leeway, should make these decisions. |
| format | Article |
| id | doaj-art-4f56491e32ab44c8b2914a9f4c85eec9 |
| institution | Kabale University |
| issn | 0043-6275 1613-978X |
| language | deu |
| publishDate | 2021-12-01 |
| publisher | Sciendo |
| record_format | Article |
| series | Wirtschaftsdienst |
| spelling | doaj-art-4f56491e32ab44c8b2914a9f4c85eec92025-02-02T12:29:56ZdeuSciendoWirtschaftsdienst0043-62751613-978X2021-12-011011296096310.1007/s10273-021-3068-1The Cyclical Component of the Debt Brake — Leeway and LimitsStefan Korioth0Michael W. Müller1Juristische Fakultät — Öffentl. Recht und Kirchenrecht, Ludwig-Maximilians-Universität MünchenJuristische Fakultät — Öffentl. Recht und Kirchenrecht, Ludwig-Maximilians-Universität MünchenAbstract 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 must be made to determine the normal cyclical situation, especially with regard to the compatibility of family and work, the extent of part-time work and the retirement age. The parliamentary legislature, which enjoys considerable leeway, should make these decisions.https://doi.org/10.1007/s10273-021-3068-1 |
| spellingShingle | Stefan Korioth Michael W. Müller The Cyclical Component of the Debt Brake — Leeway and Limits Wirtschaftsdienst |
| title | The Cyclical Component of the Debt Brake — Leeway and Limits |
| title_full | The Cyclical Component of the Debt Brake — Leeway and Limits |
| title_fullStr | The Cyclical Component of the Debt Brake — Leeway and Limits |
| title_full_unstemmed | The Cyclical Component of the Debt Brake — Leeway and Limits |
| title_short | The Cyclical Component of the Debt Brake — Leeway and Limits |
| title_sort | cyclical component of the debt brake leeway and limits |
| url | https://doi.org/10.1007/s10273-021-3068-1 |
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