Die deutsche Fiskalpolitik während der Wirtschaftskrise 2008/2009

Michael Roos ()

Perspektiven der Wirtschaftspolitik, 2009, vol. 10, issue 4, 389-412

Abstract: Abstract: This article reviews the discretionary fiscal policy in Germany during the economic crisis of 2008/2009. After discussing the arguments for and against a fiscal stabilization program, I discuss several features a reasonable program should have. Applying those criteria to the German fiscal package, I find that while it satisfies most of them, it has two major flaws. First, the fiscal stimulus is likely to come too late, and second, the political marketing of the policy was disastrous. As a consequence the policy is likely to stabilize the economy in the second half of 2009 and in 2010, but did little to soften the initial blow of the recession.

Date: 2009
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (6)

Downloads: (external link)
https://doi.org/10.1111/j.1468-2516.2009.00315.x

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:bla:perwir:v:10:y:2009:i:4:p:389-412

Ordering information: This journal article can be ordered from
http://www.blackwell ... bs.asp?ref=1465-6493

Access Statistics for this article

Perspektiven der Wirtschaftspolitik is currently edited by Lars P. Feld, J¸rgen von Hagen, Bernd Rudolph and Achim Wambach

More articles in Perspektiven der Wirtschaftspolitik from Verein für Socialpolitik Contact information at EDIRC.
Bibliographic data for series maintained by Wiley Content Delivery ().