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Fiskalpolitik als antizyklisches Instrument? Eine Betrachtung der Schweiz

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  • Christoph A. Schaltegger
  • Martin Weder

Abstract

Dieses Papier untersucht die Stabilisierungswirkung der Schweizer Fiskalpolitik. Erstens zeigt sich, dass in etwa 60% der Fälle die verfolgte Fiskalpolitik des Bundes antizyklisch wirkte. In Rezessionen wirkte die Fiskalpolitik des Bundes immer antizyklisch. Im Falle der Kantone wurden knapp 55% der Rezessionen mit einer antizyklischen Fiskalpolitik begleitet. Wie beim Bund geht auch bei den Kantonen der Trend in Richtung stärkerer Stabilisierung. Zweitens wurden die beiden Instrumente der aktiven Konjunkturpolitik, automatische Stabilisatoren und diskretionäre Fiskalpolitik, miteinander verglichen. Über die letzten 50 Jahre sind die automatischen Stabilisatoren insbesondere auf der Bundesebene stark ausgebaut worden. Der Umfang des Impulses der automatischen Stabilisatoren ist dabei etwa doppelt so gross wie jener der diskretionären Fiskalpolitik. Drittens wurden die makroökonomischen Effekte der antizyklischen Fiskalpolitik der Schweiz untersucht. Die automatischen Stabilisatoren zeigten sich insbesondere auf Kantonsebene als effektive Konjunkturstütze, während die Effekte der diskretionären Fiskalpolitik auf den Konjunkturverlauf schwächer ausfielen.

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  • Christoph A. Schaltegger & Martin Weder, 2009. "Fiskalpolitik als antizyklisches Instrument? Eine Betrachtung der Schweiz," CREMA Working Paper Series 2009-24, Center for Research in Economics, Management and the Arts (CREMA).
    • Handle: RePEc:cra:wpaper:2009-24
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    Cited by:

    1. Michele Salvi & Christoph A. Schaltegger & Lukas Schmid, 2020. "Fiscal Rules Cause Lower Debt: Evidence from Switzerland’s Federal Debt Containment Rule," Kyklos, Wiley Blackwell, vol. 73(4), pages 605-642, November.
    2. Alain Geier, 2012. "Application of the Swiss Fiscal Rule to Artificial Data: A Monte Carlo Simulation," Swiss Journal of Economics and Statistics (SJES), Swiss Society of Economics and Statistics (SSES), vol. 148(I), pages 37-55, March.
    3. Michele Salvi & Christoph A. Schaltegger, 2023. "Tax more or spend less? Historical evidence from Switzerland’s federal budget plans," International Tax and Public Finance, Springer;International Institute of Public Finance, vol. 30(3), pages 678-705, June.
    4. Tobias Beljean & Alain Geier, 2013. "The Swiss Debt Brake - Has It Been a Success?," Swiss Journal of Economics and Statistics (SJES), Swiss Society of Economics and Statistics (SSES), vol. 149(II), pages 115-135, June.

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