Überprüfung des Stabilitäts- und Wachstumsgesetzes

Henrike Michaelis, Steffen Elstner () and Christoph Schmidt

Wirtschaftsdienst, 2015, vol. 95, issue 12, 830-836

Abstract: In June 2015 the German government and the German Council of Economic Experts jointly reviewed the goals and instruments of the Economic Stability and Growth Law (ESGL), with the intention to scrutinise the law for a potential reform. Specifically, they considered recent proposals to extend the law along various dimensions of sustainability. The unequivocal result of this review was that the ESGL should be retained without modification. The law is still useful to quickly implement fiscal measures that could mitigate the consequences of severe economic downturns. However, it would be a completely inappropriate basis for attempts to address aspects of sustainability in economic policy making. Copyright ZBW and Springer-Verlag Berlin Heidelberg 2015

Keywords: E6; H5; K00 (search for similar items in EconPapers)
Date: 2015
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Citations: View citations in EconPapers (2)

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DOI: 10.1007/s10273-015-1910-z

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