IDEAS home Printed from https://ideas.repec.org/a/vrs/wirtsc/v103y2023i10p684-688n11.html
   My bibliography  Save this article

Konjunkturbereinigung in der Schuldenbremse bei überraschend hoher Inflation

Author

Listed:
  • Kremer Jana
  • Kuckuck Jan
  • Wendorff Karsten

Abstract

The recent high level of inflation temporarily eased government budgets. As a result, conventional estimation methods for cyclical adjustment are likely to temporarily paint an overly favourable picture of the underlying budgetary situation. This also applies to the cyclical adjustment in the German Federal Government’s debt brake, as we argue below. We compare this with our proposal for cyclical adjustment reform: it is likely to be too optimistic in the face of surprisingly high inflation. However, it is very unusual that inflation is underestimated so much. Overall, we continue to consider our proposed reform to be advantageous compared with the current approach.

Suggested Citation

  • Kremer Jana & Kuckuck Jan & Wendorff Karsten, 2023. "Konjunkturbereinigung in der Schuldenbremse bei überraschend hoher Inflation," Wirtschaftsdienst, Sciendo, vol. 103(10), pages 684-688, October.
    • Handle: RePEc:vrs:wirtsc:v:103:y:2023:i:10:p:684-688:n:11
    DOI: 10.2478/wd-2023-0190
    as

    Download full text from publisher

    File URL: https://doi.org/10.2478/wd-2023-0190
    Download Restriction: no
    File URL: https://libkey.io/10.2478/wd-2023-0190?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    More about this item

    JEL classification:

    • E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy; Modern Monetary Theory
    • H61 - Public Economics - - National Budget, Deficit, and Debt - - - Budget; Budget Systems
    • H68 - Public Economics - - National Budget, Deficit, and Debt - - - Forecasts of Budgets, Deficits, and Debt

    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:vrs:wirtsc:v:103:y:2023:i:10:p:684-688:n:11. 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: Peter Golla (email available below). General contact details of provider: https://www.sciendo.com .

    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.