The Case for Putting a Public Investment Clause into the German Debt Brake-Reference-Cited by-同舟云学术

The Case for Putting a Public Investment Clause into the German Debt Brake

Published:2024-04-24 Issue:1 Volume:21 Page:175-180
ISSN:1553-3832
Container-title:The Economists’ Voice
language:en
Short-container-title:

Author:

Janeba Eckhard¹

Affiliation:

1. University of Mannheim , Germany , and Scientific Advisory Board to German Federal Ministry for Economic Affairs and Climate Action

Abstract

Abstract In this article, I explore the need for reform of the German debt brake to incentivize public investment. I approach the issue from multiple angles: assessing elite support for debt brake reform among policymakers and economists, examining empirical evidence on the impact of fiscal rules on public investment, exploring the conceptual basis for prioritizing public investment within fiscal rules, and presenting a reform proposal put forth by the Scientific Advisory Board of the German Ministry of Economic Affairs and Climate Action.

Publisher

Walter de Gruyter GmbH

Link

https://www.degruyter.com/document/doi/10.1515/ev-2024-0010/pdf

Reference7 articles.

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3. Blesse, S., F. Dorn, and M. Lay. 2023b. “Do Fiscal Rules Undermine Public Investments?” A Review of Empirical Evidence. ifo Working Papers 393.

4. Fuest, C., K. Gründler, M. Nübling, N. Potrafke, and M. Schlepper. 2024. Die Deutsche Schuldenbremse Stabilitätsanker Oder Investitionsblocker? Ifo Schnelldienst, 2024, 77, Nr. 01, 44-8.

5. Gründler, K., and N. Potrafke. 2020. “Fiscal institutions and economic growth,” In: CESifo Working Paper No. 8305.