Experiences with budget rules in Switzerland and Germany
Hausner, Karl Heinz ; Simon, Silvia
Intereconomics. Review of European Economic Policy
2015
50
2
March - April
99-107
government policy ; national budget ; public debt ; public finance
Public finance and taxation
http://dx.doi.org/10.1007/s10272-015-0531-5
English
Bibliogr.
"The Swiss debt brake served as a model for the new German budget rule. The two tools share the long-term goal of rendering fiscal policy sustainable by stabilising nominal debt as well as the short-term goal of smoothing the economic cycle. Debt brakes thus act as an automatic stabiliser within the economic cycle, but their effect can be impaired over the long term if government spending falls as debt is reduced."
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