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Author: | Oberhauser, A. |
Title: | Zurueck in die 30er Jahre? Zur Haushaltskonsolidierungsstrategie des SVR = Back to the thirties? A contribution to the debate about the consolidation of the state budget in Germany |
Journal: | Wirtschaftsdienst
1994 : FEB, VOL.74:2, p.101-104 |
Index terms: | GERMANY GOVERNMENT PUBLIC FINANCE FINANCIAL POLICY FISCAL POLICY |
Language: | ger |
Abstract: | The proposals of a German experts' council for consolidation of the German budget are analyzed. The authors of the paper of the council argue that in the time of a recession, which is the strongest of the period after the world war two, the government should strive for a consolidation the impacts of which can be felt in the short run too. Criticizing the opinion of the council, the author states that there is an urgent need for a counter-cyclic financial policy. The conditions of this policy are examined, taking the special requirements due to the specialities of the recession period into consideration. |
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