Debt Control : An Alternative Route to a Balanced Budget

This paper discusses an alternative route to a balanced budget, namely through debt control. Two models are compared: the debt brake which has been used in Switzerland since 2003 and the debt limitation model proposed by Compact for America. The paper concludes that the former, while apparently successful in Switzerland, is technically more sophisticated than necessary to control federal debt in the United States. As a debt control instrument, the Compact for America model is therefore preferable

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Year of publication:	2014
Authors:	Larson, Sven R.
Publisher:	[2014]: [S.l.] : SSRN
Subject:	Haushaltskonsolidierung \| Fiscal consolidation \| Öffentliche Schulden \| Public debt \| Theorie \| Theory \| Öffentlicher Haushalt \| Public budget \| Tourenplanung \| Vehicle routing problem

Extent:	1 Online-Ressource (14 p)
Type of publication:	Book / Working Paper
Language:	English
Notes:	Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments December 23, 2014 erstellt
Other identifiers:	10.2139/ssrn.2542241 [DOI]
Classification:	E60 - Macroeconomic Policy Formation, Macroeconomic Aspects of Public Finance, Macroeconomic Policy, and General Outlook. General ; E61 - Policy Objectives; Policy Designs and Consistency; Policy Coordination ; E62 - Fiscal Policy; Public Expenditures, Investment, and Finance; Taxation ; H50 - National Government Expenditures and Related Policies. General ; H60 - National Budget, Deficit, and Debt. General ; H61 - Budget; Budget Systems ; H62 - Deficit; Surplus ; H63 - Debt; Debt Management ; H81 - Governmental Loans, Loan Guarantees, and Credits
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10013039778