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Austeritätspolitik der Ära Brüning hat den Wirtschaftseinbruch verstärkt und die Arbeitslosigkeit erhöht

Author

Listed:
  • Stephanie Ettmeier
  • Alexander Kriwoluzky

Abstract

Im Mai 2022 hat sich das Ende von Reichskanzler Heinrich Brünings Amtszeit zum 90. Mal gejährt. Bis heute sind die ökonomischen Auswirkungen von Brünings extremer Austeritätspolitik noch immer ungeklärt. Neue Daten und Berechnungen erlauben erstmals die Quantifizierung der ökonomischen Folgen der von Brüning erlassenen Spardekrete. Eine Analyse auf Basis eines Zeitreihenmodells veranschaulicht, wie sich die Wirtschaft der Weimarer Republik ohne Brünings Sparmaßnahmen hätte entwickeln können. Die reale Wirtschaftsleistung sank demzufolge durch die Notverordnungen im Referenzjahr 1932 insgesamt um rund 4,5 Prozent und die Arbeitslosigkeit stieg stark. Vor diesem Hintergrund sollten Forderungen nach einer Schuldenreduzierung durch Austeritätspolitik heute hinterfragt werden.

Suggested Citation

  • Stephanie Ettmeier & Alexander Kriwoluzky, 2022. "Austeritätspolitik der Ära Brüning hat den Wirtschaftseinbruch verstärkt und die Arbeitslosigkeit erhöht," DIW Wochenbericht, DIW Berlin, German Institute for Economic Research, vol. 89(24), pages 345-350.
    • Handle: RePEc:diw:diwwob:89-24-1
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    More about this item

    Keywords

    Austerity; Fiscal policy; Germany; Great Depression; Structural vector autoregression;
    All these keywords.

    JEL classification:

    • C32 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes; State Space Models
    • E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy; Modern Monetary Theory
    • E65 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Studies of Particular Policy Episodes
    • N14 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations - - - Europe: 1913-

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