Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: http://hdl.handle.net/10419/229952
Autor:innen: 
Erscheinungsjahr: 
2021
Schriftenreihe/Nr.: 
HWWI Policy Paper No. 131
Verlag: 
Hamburgisches WeltWirtschaftsInstitut (HWWI), Hamburg
Zusammenfassung: 
The COVID-19 crisis has caused public debt to increase dramatically, which is why the German and European fiscal rules are currently suspended. In addition to the new assessment of the fiscal costs at low interest rates (r < g), the discussion on the reintroduction of fiscal rules in Germany and Europe should take into account the function of government bonds as a safe asset and an instrument to combat the liquidity trap as well as the net return on productive government investments. For practical reasons, the return to the classic Golden Rule, which aims to limit net debt and promote government investment in the interest of future generations, is recommendable.
Schlagwörter: 
Government Debt
Fiscal Rules
Low Interest Rates
JEL: 
E62
H56
H63
Dokumentart: 
Research Report

Datei(en):
Datei
Größe





Publikationen in EconStor sind urheberrechtlich geschützt.