Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/172655 
Year of Publication: 
2015
Citation: 
[Journal:] Intereconomics [ISSN:] 1613-964X [Volume:] 50 [Issue:] 2 [Publisher:] Springer [Place:] Heidelberg [Year:] 2015 [Pages:] 99-107
Publisher: 
Springer, Heidelberg
Abstract: 
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.
Persistent Identifier of the first edition: 
Document Type: 
Article
Document Version: 
Published Version

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