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Die deutsche Fiskalpolitik während der Wirtschaftskrise 2008/2009

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  • Michael W. M. Roos

Abstract

This article reviews the discretionary fiscal policy in Germany during the economic crisis of 2008/2009. After discussing the arguments for and against a fiscal stabilization program, I discuss several features a reasonable program should have. Applying those criteria to the German fiscal package, I find that while it satisfies most of them, it has two major flaws. First, the fiscal stimulus is likely to come too late, and second, the political marketing of the policy was disastrous. As a consequence the policy is likely to stabilize the economy in the second half of 2009 and in 2010, but did little to soften the initial blow of the recession.

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  • Michael W. M. Roos, 2009. "Die deutsche Fiskalpolitik während der Wirtschaftskrise 2008/2009," Perspektiven der Wirtschaftspolitik, Verein für Socialpolitik, vol. 10(4), pages 389-412, November.
    • Handle: RePEc:bla:perwir:v:10:y:2009:i:4:p:389-412
    DOI: 10.1111/j.1468-2516.2009.00315.x
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    Cited by:

    1. Boldrick, Isabel, 2021. "Die Konjunkturreagibilität öffentlicher Investitionen am Beispiel der deutschen Schuldenbremse," CIW Discussion Papers 1/2021, University of Münster, Center for Interdisciplinary Economics (CIW).
    2. Anke Hassel & Susanne Lütz, 2012. "Balancing Competition and Cooperation: The State’s New Power in Crisis Management," Europe in Question Discussion Paper Series of the London School of Economics (LEQs) 1, London School of Economics / European Institute.
    3. Björn Kauder & Benjamin Larin & Niklas Potrafke, 2014. "Was bringt uns die große Koalition? Perspektiven der Wirtschaftspolitik," ifo Working Paper Series 172, ifo Institute - Leibniz Institute for Economic Research at the University of Munich.
    4. Hassel, Anke & Lütz, Susanne, 2012. "Balancing competition and cooperation: the state’s new power in crisis management," LSE Research Online Documents on Economics 53201, London School of Economics and Political Science, LSE Library.
    5. Kauder Björn & Larin Benjamin & Potrafke Niklas, 2014. "Was bringt uns die große Koalition?," Perspektiven der Wirtschaftspolitik, De Gruyter, vol. 15(1), pages 88-101, February.
    6. Anke Hassel & Susanne Lütz, 2012. "Balancing Competition and Cooperation: The State’s New Power in Crisis Management," LEQS – LSE 'Europe in Question' Discussion Paper Series 51, European Institute, LSE.

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