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Why a Debt Brake Makes Sense

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  • Robert Fenge

Abstract

The high level of public debt in Germany – caused by crises, but ultimately also by a reckless spending policy in times of high tax revenue – has led to a debate on the abolition of the debt brake. Robert Fenge, University of Rostock, discusses various welfare economic arguments that have been put forward in favor of abolition. However, a key argument in favor of the debt brake stems from the experience gained with debt policy in recent decades.

Suggested Citation

  • Robert Fenge, 2021. "Why a Debt Brake Makes Sense," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 74(09), pages 70-72, September.
  • Handle: RePEc:ces:ifosdt:v:74:y:2021:i:09:p:70-72
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