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Experiences with Budget Rules in Switzerland and Germany

  • Debt Brake
  • Published:
Intereconomics

Abstract

The Swiss debt brake served as a model for the new German budget rule. The two tools share the long-term goal of rendering fi scal policy sustainable by stabilising nominal debt as well as the short-term goal of smoothing the economic cycle. Debt brakes thus act as an automatic stabiliser within the economic cycle, but their effect can be impaired over the long term if government spending falls as debt is reduced.

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Authors and Affiliations

  1. Wirtschaftswissenschaften, insb. VWL, Hochschule des Bundes für öffentl. Verwalt., Seckenheimer Landstr. 10, 68163, Mannheim, Germany

    Karl Heinz Hausner

  2. Zentrum für wirtschaftspolitische Forschung, HTW Chur, Comercialstrasse 22, 7000, Chur, Switzerland

    Silvia Simon

Authors
  1. Karl Heinz Hausner
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  2. Silvia Simon
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Corresponding author

Correspondence to Karl Heinz Hausner.

Additional information

Karls Heinz Hausner, Federal University of Applied Administrative Sciences, Mannheim, Germany.

Silvia Simon, University of Applied Sciences HTW, Chur, Switzerland.

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Hausner, K.H., Simon, S. Experiences with Budget Rules in Switzerland and Germany. Intereconomics 50, 99–107 (2015). https://doi.org/10.1007/s10272-015-0531-5

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  • DOI: https://doi.org/10.1007/s10272-015-0531-5

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