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Deutsche Wirtschaft kränkelt – Reform der Schuldenbremse kein Allheilmittel

Author

Listed:
  • Bönke Timm
  • Holtemöller Oliver
  • Kooths Stefan
  • Schmidt Torsten
  • Wollmershäuser Timo

Abstract

Cyclical and structural factors are overlapping in Germany’s sluggish overall economic development. Until recently, there have been more headwinds than tailwinds from both the external and domestic economy. A low momentum recovery is likely to set in after spring. Net immigration has stabilised the labour force substantially; the productivity of immigrants remains subdued though due to integration problems and qualification mismatches. While a mild reform of the debt brake is advisable, a reorganisation of the overall fiscal constitution to better shield municipal investment activity from cyclical budget shortfalls is much more important.

Suggested Citation

  • Bönke Timm & Holtemöller Oliver & Kooths Stefan & Schmidt Torsten & Wollmershäuser Timo, 2024. "Deutsche Wirtschaft kränkelt – Reform der Schuldenbremse kein Allheilmittel," Wirtschaftsdienst, Sciendo, vol. 104(4), pages 246-251, April.
    • Handle: RePEc:vrs:wirtsc:v:104:y:2024:i:4:p:246-251:n:11
    DOI: 10.2478/wd-2024-0068
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    More about this item

    JEL classification:

    • E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
    • H68 - Public Economics - - National Budget, Deficit, and Debt - - - Forecasts of Budgets, Deficits, and Debt
    • F01 - International Economics - - General - - - Global Outlook
    • F17 - International Economics - - Trade - - - Trade Forecasting and Simulation

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