Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/185993 
Autor:innen: 
Erscheinungsjahr: 
2012
Quellenangabe: 
[Journal:] Swiss Journal of Economics and Statistics [ISSN:] 2235-6282 [Volume:] 148 [Issue:] 1 [Publisher:] Springer [Place:] Heidelberg [Year:] 2012 [Pages:] 37-55
Verlag: 
Springer, Heidelberg
Zusammenfassung: 
The Swiss fiscal rule or "debt brake" is applied to simulated data of economic output and fiscal revenues. The budget remains almost perfectly balanced and the debt ratio stable over the medium and long term: The cyclical adjustment of the debt brake is effective in terms of its primary objective of achieving a balanced budget over the medium term. The rule also performs well with respect to the objective of taking into account the position of the economy in the cycle. In the case of a non-stationary GDP series, however, this result can not be guaranteed anymore.
Schlagwörter: 
Balanced Budget
Debt
Deficit
Budgeting
Business Cycle
JEL: 
H61
E62
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