Reforming Cyclical Adjustment in the Debt Brake: Respond to Revised Assessments with a Delay
Abstract In this article, we point out requirements for potential output estimates used for cyclical adjustment in the German debt brake. Further, we propose supplementing the cyclical component in the debt break with an error term — regardless of the specific potential output estimation approach. T...
| Main Authors: | , , |
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| Format: | Article |
| Language: | deu |
| Published: |
Springer
2022-11-01
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| Series: | Wirtschaftsdienst |
| Online Access: | https://doi.org/10.1007/s10273-022-3324-z |