Economic Adjustment Pocedures of the German Bundesländer
Abstract Since the 2020 budget year, German states or Bundesländer have been required to follow the debt ban under Art. 109 (3) of the German constitution. In this context, they could opt for an economic adjustment procedure. With the exception of Bavaria, all Bundesländer use such a method to deter...
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| Main Author: | |
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| Format: | Article |
| Language: | deu |
| Published: |
Sciendo
2022-10-01
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| Series: | Wirtschaftsdienst |
| Online Access: | https://doi.org/10.1007/s10273-022-3290-5 |
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| Summary: | Abstract Since the 2020 budget year, German states or Bundesländer have been required to follow the debt ban under Art. 109 (3) of the German constitution. In this context, they could opt for an economic adjustment procedure. With the exception of Bavaria, all Bundesländer use such a method to determine the business cycle component. This article collects and synthesizes the processes carried out so far and the business cycle components determined in order to be able to draw initial conclusions for possible and sometimes necessary further developments. |
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| ISSN: | 1613-978X |