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Stabilität statt staatlicher Überforderung: Empfehlungen für eine Reform des Stabilitäts- und Wachstumspaktes

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  • Matthes, Jürgen

Abstract

Anders als die Bundesregierung es anzustreben scheint, ist eine Reform des Stabilitäts- und Wachstumspakts (SWP) nötig. Die Schuldenabbauregel zwingt hochverschuldete Euroländer zu einem zu schnellen und zu wachstumsschädlichen Schuldenabbau. Nur auf die Flexibilität des Pakts zu setzen, würde Ausnahmetatbestände zu stark überdehnen. Zudem würde der Europäischen Kommission die ihr angedachte Rolle als Hüterin der Verträge unmöglich gemacht. 'Brüssel' würde dadurch weiter geschwächt. Folgende Reformschritte werden empfohlen: Der Schwellenwert von 60 Prozent des BIP für den öffentlichen Schuldenstand ist beizubehalten, aber die Schuldenabbauregel sollte bei unabweisbarem Bedarf über den Horizont von 20 Jahren hinaus gestreckt werden können. Das Drei-Prozent-Defizitkriterium gilt es aufgrund seiner Signalwirkung ebenfalls zu bewahren. Dagegen sollte die Zielgröße des strukturellen Defizits aufgrund von Messproblemen durch eine neue mittelfristig orientierte Ausgabenregel (weitgehend) ersetzt werden. (Grün) goldene Regeln, also Ausnahmen von den Defizitregeln besonders für grüne Investitionen, sind aus verschiedenen Gründen kritisch zu sehen. Geldbußen bei Verstößen sollten erhalten bleiben, aber noch stärker durch mildere und leichter anwendbare Sanktionen ergänzt werden. [...]

Suggested Citation

  • Matthes, Jürgen, 2022. "Stabilität statt staatlicher Überforderung: Empfehlungen für eine Reform des Stabilitäts- und Wachstumspaktes," IW policy papers 1/2022, Institut der deutschen Wirtschaft (IW) / German Economic Institute.
    • Handle: RePEc:zbw:iwkpps:12022
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    References listed on IDEAS

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    1. Bernardin Akitoby & Ariel Binder & Takuji Komatsuzaki, 2017. "Inflation and Public Debt Reversals in the G7 Countries," Journal of Banking and Financial Economics, University of Warsaw, Faculty of Management, vol. 1(7), pages 5-27, May.
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    More about this item

    JEL classification:

    • H60 - Public Economics - - National Budget, Deficit, and Debt - - - General
    • G01 - Financial Economics - - General - - - Financial Crises
    • O52 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Europe

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