Öffentliche Verschuldung

[Machine translation] Extent and impact of budget deficits and public debt, are covered by a variety of criteria and quotas set out in this, chapters are explained. Of particular economic importance are, relationships between interest rate, growth and public debt,, Which make significant statements with regard to long-term stability, of public finances. This is discussed in this chapter in, presented from a theoretical and empirical perspective., Questions of the limits of public debt are discussed under economic,, analysed budgetary 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 were, Approaches are suspended, and the date and form of their continuation are under discussion., The effects of budget deficits are both in terms of their stabilization and, How their distributional effects vary greatly, depending on whether full utilization, of the production potential is present or not, further between, A distinction must be made between external and internal debt.