IDEAS home Printed from https://ideas.repec.org/a/ces/ifosdt/v54y2001i23p3-16.html
   My bibliography  Save this article

Parallel policies - yes or no? Economic stimulus programme to counter the threat of recession?

Author

Listed:
  • Gustav Adolf Horn
  • Joachim Scheide
  • Martin Hüfner
  • Norbert Walter
  • Klaus Friedrich

Abstract

How should the faltering economy be restored to health? Dr. Gustav Adolf Horn, German Institute for Economic Research (DIW) Berlin, presents the recommendations in the Joint Economic Forecast, put forward by the majority of research institutes, to let the next phase of the tax reform take effect in 2002 instead of 2003. This idea is supported by Prof. Norbert Walter of Deutsche Bank Research and Dr. Klaus Friedrich of Dresdner Bank who call for a fiscal policy with a medium- and long-term orientation aimed at structural improvements. Dr. Martin Hüfner of HypoVereinsbank also argues that the government should take the offensive. Prof. Joachim Scheide of the Institute for the World Economy (IfW) in Kiel holds the minority position of the economic research institutes and explains why "fiscal policy should not now make budget consolidation dependent on the state of the economy".

Suggested Citation

  • Gustav Adolf Horn & Joachim Scheide & Martin Hüfner & Norbert Walter & Klaus Friedrich, 2001. "Parallel policies - yes or no? Economic stimulus programme to counter the threat of recession?," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 54(23), pages 3-16, December.
    • Handle: RePEc:ces:ifosdt:v:54:y:2001:i:23:p:3-16
    as

    Download full text from publisher

    File URL: https://www.ifo.de/DocDL/ifosd_2001_23_1pdf.pdf
    Download Restriction: no
    ---><---

    More about this item

    JEL classification:

    • E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
    • E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy; Modern Monetary Theory

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ces:ifosdt:v:54:y:2001:i:23:p:3-16. See general information about how to correct material in RePEc.

    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.

    We have no bibliographic references for this item. You can help adding them by using 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 RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Klaus Wohlrabe (email available below). General contact details of provider: https://edirc.repec.org/data/ifooode.html .

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

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.