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Wirtschaftsdienst

, Volume 96, Issue 4, pp 258–264 | Cite as

Argumente gegen die Reform des Stabilitätsgesetzes wenig überzeugend — eine Replik

  • Sebastian Dullien
  • Till van Treeck
  • Henrike Michaelis
  • Steffen Elstner
  • Christoph M. Schmidt
Analysen und Berichte Konjunkturpolitik
  • 102 Downloads

Zusammenfassung

In der Dezemberausgabe 2015 veröffentlichte der Wirtschaftsdienst einen Aufsatz zur Überprüfung des Stabilitäts- und Wachstumsgesetzes (StabG) von Henrike Michaelis, Steffen Elstner und Christoph M. Schmidt. Dazu erscheinen diese Replik und eine Erwiderung der Autoren.

An Assessment of the Economic Stability and Growth Law — Reply and Response

Abstract

In their reply, Dullien and van Treeck criticise the argument of Michaelis, Elstner and Schmidt that the German Stability and Growth law (StabG) from the 1960s must not be reformed. They claim that Michaelis et al. neglect that the concept of sustainability has changed over the past 50 years and that nowadays issues such as social and ecological sustainability should be included. Moreover, the claim by Michaelis et al. that the StabG provides important tools for business cycle management is hardly convincing, given that these tools have not been used since the 1970s and stimulus packages have been passed on other legal grounds. / In their response Michaelis et al. stress that economic policy has to consider equally aspects of economic, social and ecological sustainability. The StabG, however, is a completely inappropriate basis for attempts to address aspects of social and ecological sustainability. The main use of the StabG consists in the possibility to quickly implement fiscal measures that could mitigate the consequences of severe economic downturns. Proposals of Dullien and van Treeck that various dimensions of sustainability are controllable by a predetermined set of instruments neglect the complexity of the social market economy.

JEL Classification

E6 H5 K00 

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Copyright information

© ZBW and Springer-Verlag Berlin Heidelberg 2016

Authors and Affiliations

  • Sebastian Dullien
    • 1
  • Till van Treeck
    • 2
  • Henrike Michaelis
    • 3
  • Steffen Elstner
    • 3
  • Christoph M. Schmidt
    • 4
  1. 1.Fachbereich 3 - WirtschaftswissenschaftenHochschule für Technik und Wirtschaft BerlinBerlinDeutschland
  2. 2.GesellschaftswissenschaftenUni. Duisburg-Essen - Institut für SoziologieEssenDeutschland
  3. 3.der gesamtwirtschaftlichen EntwicklungSachverständigenrat zur BegutachtungWiesbadenDeutschland
  4. 4.RWIEssenDeutschland

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