Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/68328
Authors: 
Doluca, Hasan
Hübner, Malte
Rumpf, Dominik
Weigert, Benjamin
Year of Publication: 
2012
Citation: 
[Journal:] Intereconomics [ISSN:] 1613-964X [Publisher:] Springer [Place:] Heidelberg [Volume:] 47 [Year:] 2012 [Issue:] 4 [Pages:] 230-239
Abstract: 
One possible solution to the sovereign debt crisis is the European Redemption Pact (ERP) proposed by the German Council of Economic Experts. The ERP provides sustainable financing conditions for participating sovereigns to facilitate bringing public debt ratios below the reference value of 60% within the next 20 to 25 years. In this paper, we describe one possible way of implementing the ERP and analyse the fiscal effects of participating in the ERP. The macroeconomic impact of the proposal is illustrated with the multi-country model NiGEM.
Persistent Identifier of the first edition: 
Document Type: 
Article

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