Staatsverschuldung quo vadis?
In: List Forum Band 32
In the present paper it is examined whether, and to what extent, the increase in public debt in Germany gives rise to a burden for future generations. It is investigated in particular how sustainability of public indebtness can be maintained such that the development of the ration of debt to national income is bounded and future welfare losses are avoided. Observing the Maastricht criteria is shown to be insufficient for coping with these requirements. They can, however, be satisfied by confining public debt to financing productive investments.(Original text only available in german language)
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