Advanced Search
MyIDEAS: Login to save this article or follow this journal

Die Zinslast des Bundes

Contents:

Author Info

  • Christian Breuer

    ()

  • Daniel Mannfeld
  • Niklas Potrafke

    ()

Abstract

Die Bundesrepublik Deutschland verschuldet sich, indem sie Staatsanleihen emittiert. Die laufenden Kosten der Bundesschuld bemessen sich nahezu vollständig in Zinszahlungen für umlaufende und neu emittierte Bundeswertpapiere. Im Zuge der europäischen Verschuldungskrise sind die Zinsen für deutsche Staatsanleihen stark gesunken, weil die EZB eine sehr expansive Geldpolitik betrieben hat und Investoren in Deutschland nun einen »sicheren Hafen« sehen. Dies bedeutet ein enormes Einsparungspotenzial für den Bundeshaushalt. Modelliert man die zukünftige Zinslast des Bundes und veranschaulicht die Ersparnis für den Bundeshaushalt durch das gegenwärtig außerordentlich niedrige Zinsniveau, deuten die Ergebnisse auf weiterhin sinkende Zinsausgaben bis zum Jahr 2014 hin.

Download Info

If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
File URL: http://www.cesifo-group.de/portal/page/portal/DocBase_Content/ZS/ZS-ifo_Schnelldienst/zs-sd-2012/zs-sd-2012-12/ifosd_2012_12_13.pdf
Download Restriction: no

Bibliographic Info

Article provided by Ifo Institute for Economic Research at the University of Munich in its journal ifo Schnelldienst.

Volume (Year): 65 (2012)
Issue (Month): 12 (06)
Pages: 47-50

as in new window
Handle: RePEc:ces:ifosdt:v:65:y:2012:i:12:p:47-50

Contact details of provider:
Postal: Poschingerstrasse 5, 81679 Munich, Germany
Phone: +49 (89) 9224-0
Fax: +49 (89) 985369
Email:
Web page: http://www.cesifo-group.de
More information through EDIRC

Related research

Keywords: Zins; Öffentliche Schulden;

Find related papers by JEL classification:

References

References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
as in new window
  1. von Hagen, Jürgen & Schuknecht, Ludger & Wolswijk, Guido, 2011. "Government bond risk premiums in the EU revisited: The impact of the financial crisis," European Journal of Political Economy, Elsevier, vol. 27(1), pages 36-43, March.
Full references (including those not matched with items on IDEAS)

Citations

Lists

This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

Statistics

Access and download statistics

Corrections

When requesting a correction, please mention this item's handle: RePEc:ces:ifosdt:v:65:y:2012:i:12:p:47-50. See general information about how to correct material in RePEc.

For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Klaus Wohlrabe).

If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

If references are entirely missing, you can add them using this form.

If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

Please note that corrections may take a couple of weeks to filter through the various RePEc services.