Bach, Stefan - In: Vierteljahrshefte zur Wirtschaftsforschung / Quarterly … 79 (2010) 1, pp. 10-26
The vital challenge of German fiscal policy over the next years will be the consolidation of public budgets. Even after the recovery from the sharp recession, "structural" budget deficits of 3 to 4 percent of GDP will remain. What appears to be required is a well-balanced medium-term strategy on...