Taming Deficits: Automatic Debt Brakes and Participatory Democracy in Switzerland

Thomas Held and Simon Ingold

Chapter 5 in Learning from the World, 2014, pp 54-66 from Palgrave Macmillan

Abstract: Abstract Since the onset of the sovereign debt crisis, Switzerland has received a great deal of attention and applause for its sound fiscal policy. Partly in deference to this, the Financial Times recently extolled Switzerland as “an alpine peak the Eurozone can only aspire to,” implying that the Swiss way of doing things is admirably effective but hard for others to emulate, thereby reinforcing the notion of Swiss exceptionalism.

Keywords: Fiscal Policy; Banking Sector; Public Debt; Direct Democracy; Sovereign Debt (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-37213-0_5

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DOI: 10.1057/9781137372130_5

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