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Möglichkeiten der Konjunktursteuerung: Grundsätzliche Überlegungen für die Schweiz

  • Gebhard Kirchgässner

    ()

First, the challenges of the financial and economic crisis for macroeconomic theory are addressed. Then, the possibilities of Swiss fiscal policy to overcome this crisis or at least to mitigate its economic and social consequences are discussed. It is shown that these possibilities are rather limited, because in Switzerland the crisis is mainly one of the export industry. In this situation, the typical demand management instruments of fiscal policy are not effective. Thus, it is even more important that the Swiss government takes the long-run (growth) impact of its policy measures into account and that it engages itself in fighting protectionism and keeping international markets open.

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File URL: http://www1.vwa.unisg.ch/RePEc/usg/dp2010/DP-1013-Ki.pdf
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Paper provided by Department of Economics, University of St. Gallen in its series University of St. Gallen Department of Economics working paper series 2010 with number 2010-13.

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Length: 13 pages
Date of creation: Apr 2010
Date of revision:
Handle: RePEc:usg:dp2010:2010-13
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  1. Buiter, Willem H., 2009. "The Limits to Fiscal Stimulus," CEPR Discussion Papers 7607, C.E.P.R. Discussion Papers.
  2. Roger Congleton, 2009. "On the political economy of the financial crisis and bailout of 2008–2009," Public Choice, Springer, vol. 140(3), pages 287-317, September.
  3. Andrei Shleifer, 1998. "State Versus Private Ownership," NBER Working Papers 6665, National Bureau of Economic Research, Inc.
  4. Sinn, Hans-Werner, 1997. "The selection principle and market failure in systems competition," Munich Reprints in Economics 19854, University of Munich, Department of Economics.
  5. M. Woodford., 2010. "Convergence in Macroeconomics: Elements of the New Synthesis," VOPROSY ECONOMIKI, N.P. Redaktsiya zhurnala "Voprosy Economiki", vol. 10.
  6. Tesfaselassie, Mewael F., 2009. "Looking forward: Exiting unconventional monetary policy," Kiel Policy Brief 13, Kiel Institute for the World Economy (IfW).
  7. Eric Mayer & Nikolai Stähler, 2013. "The debt brake: business cycle and welfare consequences of Germany’s new fiscal policy rule," Empirica, Springer, vol. 40(1), pages 39-74, February.
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