Anmerkungen zur Schuldenbremse
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Anmerkungen zur Schuldenbremse
Vierteljahrshefte zur Wirtschaftsforschung, Vol. 73 (2004), Iss. 3 : pp. 491–501
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1Konjunkturforschungsstelle (KOF) an der Eidgenössischen Technischen Hochschule Zürich, CH–8092 Zürich.
Cited By
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Adapting the Swiss Debt Brake to the German Bundesländer
Groneck, Max
Plachta, Robert C.
(2007)
https://doi.org/10.2139/ssrn.1011194 [Citations: 0]
Abstract
Volk und Stände der Schweiz beschlossen 2001, den
In 2001 more than 80 percent of the Swiss electorate voted in favour of a constitutional amendment which aims at stopping the expansion of the public debt. A convincingly simple and seemingly intuitive formula provides an easy-to-implement expenditure rule for the budgetary process. This approach also accounts for cyclical output variation and appears unique and innovative on an international scale. This note shows that the ambitious objectives of the rule can almost surely not be met. However, the most likely outcome resembles the Maastricht criteria which might be of interest for a revision of the European growth and stability treaty.