Geldpolitik, Europa
Government debt post COVID-19: Back to Golden Rules
02.02.2021 | HWWI Policy Paper 131 | von Christian Breuer
The COVID-19 crisis has caused public debt to increase dramatically, which is why the German and European fiscal rules are currently suspended. In addition to the new assessment of the fiscal costs at low interest rates (r < g), the discussion on the reintroduction of fiscal rules in Germany and Europe should take into account the function of government bonds as a safe...