Abstract
[Machine translation] The public sector can stabilize the economy (fluctuations in, reduce GDP or unemployment) by actively increasing government spending (or, tax revenues) to economic requirements., Because public spending and even more changes in tax rates, If you have to go through a budgetary process, there is a long and, variable delays, as a result of which stimulus measures are introduced too late, and can sometimes even be counterproductive., Macroeconomic financial balances correspond to the difference between, Income and expenditure of enterprises, private households, the, State and foreign countries. Private households generally generate surpluses, (saving) while companies have deficits (investments)., When households save more or companies invest more, it happens, If the current account balance is balanced, this automatically leads to higher budget deficits.
| Translated title of the contribution | [Machine translation] The stabilizing role of the public sector |
|---|---|
| Original language | German |
| Title of host publication | Der öffentliche Sektor - Einführung in die Finanzwissenschaft |
| Publisher | Springer Gabler |
| Pages | 399-416 |
| Number of pages | 18 |
| ISBN (Print) | 978-3-658-36041-2 |
| DOIs | |
| Publication status | Published - 2022 |
UN SDGs
This output contributes to the following UN Sustainable Development Goals (SDGs)
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SDG 8 Decent Work and Economic Growth
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