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Experiences with Budget Rules in Switzerland and Germany

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  • Karl Hausner
  • Silvia Simon

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. Copyright ZBW and Springer-Verlag Berlin Heidelberg 2015

Suggested Citation

  • Karl Hausner & Silvia Simon, 2015. "Experiences with Budget Rules in Switzerland and Germany," Intereconomics: Review of European Economic Policy, Springer;ZBW - Leibniz Information Centre for Economics;Centre for European Policy Studies (CEPS), vol. 50(2), pages 99-107, March.
    • Handle: RePEc:spr:intere:v:50:y:2015:i:2:p:99-107
    DOI: 10.1007/s10272-015-0531-5
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