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Die Schweizer Schuldenbremse – nachhaltiger und konjunkturgerechter als der neue Stabilitäts- und Wachstumspakt?

Author

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  • Carsten Colombier

Abstract

The Swiss debt brake is a fiscal rule at central government level which aims at stabilising debt. However, business cycle fluctuations are also accounted for. This paper discusses criticism of the debt brake that it cannot feasibly simultaneously achieve either anti-cyclical or sustainable fiscal policy. Moreover, the debt brake is critically compared with the New European Stability and Growth Pact. Although some of this criticism applies to the debt brake it can be shown that the debt brake can achieve both goals. In this respect the debt brake would appear to be superior to the European Stability and Growth Pact.

Suggested Citation

  • Carsten Colombier, 2006. "Die Schweizer Schuldenbremse – nachhaltiger und konjunkturgerechter als der neue Stabilitäts- und Wachstumspakt?," Schmollers Jahrbuch : Journal of Applied Social Science Studies / Zeitschrift für Wirtschafts- und Sozialwissenschaften, Duncker & Humblot, Berlin, vol. 126(4), pages 521-533.
    • Handle: RePEc:aeq:aeqsjb:v126_y2006_i4_q4_p521-533
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    Cited by:

    1. Colombier, Carsten, 2012. "Healthcare expenditure projections up to 2060," MPRA Paper 104919, University Library of Munich, Germany.
    2. Christian F. Pfeil & Lars P. Feld, 2024. "Does the Swiss Debt Brake Induce Sound Federal Finances? A Synthetic Control Analysis," Public Finance Review, , vol. 52(1), pages 3-41, January.
    3. Hetschko, Clemens & Quint, Dominic & Thye, Marius, 2012. "Nationale Schuldenbremsen für die Länder der Europäischen Union: Taugt das deutsche Modell als Vorbild?," Discussion Papers 2012/12, Free University Berlin, School of Business & Economics.

    More about this item

    JEL classification:

    • E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy; Modern Monetary Theory
    • H60 - Public Economics - - National Budget, Deficit, and Debt - - - General

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