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Zur Debatte »Sparen oder Wachstum«


  • Hans-Werner Sinn
  • Niklas Potrafke



»Sparen« oder »Wachstum«: Dies seien die alternativen Wirtschaftspolitiken, zwischen denen Politiker gegenwärtig wählen könnten. Hans-Werner Sinn und Niklas Potrafke zeigen, dass eine solche Alternative die Öffentlichkeit in die Irre führt. Zusätzliche Staatsausgaben zur Konjunkturförderung erhöhen direkt die Staatsschulden und haben langfristig keinen positiven, sondern einen negativen Effekt auf das Wirtschaftswachstum. Wachsen kann eine Volkswirtschaft nur, indem sie spart. Denn Sparen stellt die Finanzmittel für Investitionen bereit, aus denen Wachstum entsteht.

Suggested Citation

  • Hans-Werner Sinn & Niklas Potrafke, 2012. "Zur Debatte »Sparen oder Wachstum«," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 65(10), pages 07-08, May.
  • Handle: RePEc:ces:ifosdt:v:65:y:2012:i:10:p:07-08

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    References listed on IDEAS

    1. Giancarlo Corsetti & André Meier & Gernot J. Müller, 2012. "Fiscal Stimulus with Spending Reversals," The Review of Economics and Statistics, MIT Press, vol. 94(4), pages 878-895, November.
    2. Tobias Cwik & Volker Wieland, 2011. "Keynesian government spending multipliers and spillovers in the euro area," Economic Policy, CEPR;CES;MSH, vol. 26(67), pages 493-549, July.
    3. Carmen M. Reinhart & Kenneth S. Rogoff, 2009. "Varieties of Crises and Their Dates," Introductory Chapters,in: This Time Is Different: Eight Centuries of Financial Folly Princeton University Press.
    4. Carmen M. Reinhart & Vincent R. Reinhart & Kenneth S. Rogoff, 2012. "Public Debt Overhangs: Advanced-Economy Episodes since 1800," Journal of Economic Perspectives, American Economic Association, vol. 26(3), pages 69-86, Summer.
    5. Carmen M. Reinhart & Kenneth S. Rogoff, 2010. "Growth in a Time of Debt," American Economic Review, American Economic Association, vol. 100(2), pages 573-578, May.
    6. Andreas Bergh & Magnus Henrekson, 2011. "Government Size And Growth: A Survey And Interpretation Of The Evidence," Journal of Economic Surveys, Wiley Blackwell, vol. 25(5), pages 872-897, December.
    7. António Afonso & Hans Peter Grüner & Christina Kolerus, 2010. "Fiscal Policy and Growth: Do Financial Crises make a Difference?," Working Papers Department of Economics 2010/10, ISEG - Lisbon School of Economics and Management, Department of Economics, Universidade de Lisboa.
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    Cited by:

    1. Anja Hülsewig, 2012. "Update des ifo Institutionenindex für OECD-Länder, 2012 - Kurzfassung der neuen Ergebnisse," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 65(13), pages 69-75, July.

    More about this item


    Sparen; Wirtschaftswachstum; Wirschaftspolitik; Öffentliche Ausgaben; Euromarkt; Europa; Deutschland;

    JEL classification:

    • E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy
    • E60 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - General


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