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Schuldenbremse und öffentliche Investitionen: Erwiderung auf Mühlenweg et al. (2024)

Author

Listed:
  • Feld Lars P.
  • Hassib Joshua
  • Langer Maximilian
  • Nientiedt Daniel
  • Weber Philipp

Abstract

The political debate regarding the consequences of the German “debt brake” continues. The arguments against its current design are similar to the arguments brought forward in 2009, when the rule was first introduced. One hot-button issue has always been whether the German debt brake constrains public investment. A recent study by Feld et al. (2024) applies the synthetic control method to address this question. Mühlenweg et al. (2024) criticise their approach, building on well-known arguments against the German debt brake. This article counters their arguments.

Suggested Citation

  • Feld Lars P. & Hassib Joshua & Langer Maximilian & Nientiedt Daniel & Weber Philipp, 2024. "Schuldenbremse und öffentliche Investitionen: Erwiderung auf Mühlenweg et al. (2024)," Wirtschaftsdienst, Sciendo, vol. 104(7), pages 476-481.
    • Handle: RePEc:vrs:wirtsc:v:104:y:2024:i:7:p:476-481:n:1012
    DOI: 10.2478/wd-2024-0123
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    References listed on IDEAS

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    2. Feld Lars P. & Nöh Lukas & Reuter Wolf Heinrich & Yeter Mustafa, 2021. "Von der Corona-bedingten Schuldenaufnahme zur Wiedereinhaltung der Schuldenbremse," Perspektiven der Wirtschaftspolitik, De Gruyter, vol. 22(4), pages 330-349, November.
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    5. Badinger, Harald & Reuter, Wolf Heinrich, 2017. "The case for fiscal rules," Economic Modelling, Elsevier, vol. 60(C), pages 334-343.
    6. Jushan Bai & Pierre Perron, 2003. "Computation and analysis of multiple structural change models," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 18(1), pages 1-22.
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    More about this item

    JEL classification:

    • E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy
    • H61 - Public Economics - - National Budget, Deficit, and Debt - - - Budget; Budget Systems
    • H63 - Public Economics - - National Budget, Deficit, and Debt - - - Debt; Debt Management; Sovereign Debt

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