Abstract
[Machine translation] The extent and impact of budget deficits and public debt, are covered by a variety of criteria and quotas, which are set out in this, chapters are explained. Of particular economic importance are the, links between interest rates, growth and public debt,, Which result in key statements with regard to long-term stability, of public finances. This is explained in this chapter in, presented from a theoretical and empirical perspective., Questions of the limits of public debt are addressed under economic,, analyses fiscal and institutional aspects. In, With regard to the “time consistency” of fiscal policy, play in times of “normal, economic development “concepts of the “debt brake” or the “stability pact”, a special role — in times of the COVID -19 crisis, these, Approaches are suspended, the date and form of their continuation are under discussion., The effects of budget deficits are both in terms of stabilization,, How their distributional effects vary greatly, depending on whether full capacity utilization, of the production potential is present or not, with between, A distinction must be made between external and internal debt.
Titolo tradotto del contributo | [Machine translation] Public debt |
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Lingua originale | Tedesco |
Titolo della pubblicazione ospite | Der öffentliche Sektor - Einführung in die Finanzwissenschaft |
Editore | Springer Gabler |
Pagine | 375-398 |
Numero di pagine | 24 |
ISBN (stampa) | 978-3-658-36041-2 |
DOI | |
Stato di pubblicazione | Pubblicato - 2022 |