caa a22 4500 606237526 CHVBK 20210128101253.0 cr unu---uuuuu 210128e20150301xx s 000 0 eng 10.1007/s10272-015-0531-5 doi (NATIONALLICENCE)springer-10.1007/s10272-015-0531-5 Experiences with Budget Rules in Switzerland and Germany [Elektronische Daten] [Karl Hausner, Silvia Simon] The Swiss debt brake served as a model for the new German budget rule. The two tools share the long-term goal of rendering fi scal policy sustainable by stabilising nominal debt as well as the short-term goal of smoothing the economic cycle. Debt brakes thus act as an automatic stabiliser within the economic cycle, but their effect can be impaired over the long term if government spending falls as debt is reduced. ZBW and Springer-Verlag Berlin Heidelberg, 2015 Hausner Karl Wirtschaftswissenschaften, insb. VWL, Hochschule des Bundes für öffentl. Verwalt., Seckenheimer Landstr. 10, 68163, Mannheim, Germany aut Simon Silvia Zentrum für wirtschaftspolitische Forschung, HTW Chur, Comercialstrasse 22, 7000, Chur, Switzerland aut Intereconomics Springer Berlin Heidelberg 50/2(2015-03-01), 99-107 0020-5346 50:2<99 2015 50 10272 https://doi.org/10.1007/s10272-015-0531-5 text/html Onlinezugriff via DOI BK010053 XK010053 XK010000 Metadata rights reserved Springer special CC-BY-NC licence nationallicence 1 research-article jats NATIONALLICENCE NATIONALLICENCE NL-springer NATIONALLICENCE 856 40 https://doi.org/10.1007/s10272-015-0531-5 text/html Onlinezugriff via DOI NATIONALLICENCE 700 1- Hausner Karl Wirtschaftswissenschaften, insb. VWL, Hochschule des Bundes für öffentl. Verwalt., Seckenheimer Landstr. 10, 68163, Mannheim, Germany aut NATIONALLICENCE 700 1- Simon Silvia Zentrum für wirtschaftspolitische Forschung, HTW Chur, Comercialstrasse 22, 7000, Chur, Switzerland aut NATIONALLICENCE 773 0- Intereconomics Springer Berlin Heidelberg 50/2(2015-03-01), 99-107 0020-5346 50:2<99 2015 50 10272