Fixing a Design Error: How the Cyclically Adjusted Budget Balance Becomes Democratically Legitimate and Sustainable
Abstract The optimisation of the cyclical adjustment procedure under the German debt brake should focus on how to contribute to a democratically legitimate and sustainable fiscal policy. In this article, we discuss four criteria that should be satisfied: The method must (i) be sufficiently determine...
| 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/s10273-022-3323-0 |