Ciaglia, Sarah; Heinemann, Friedrich - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2012
In 2009, Germany introduced a new debt rule in its federal constitution (Grundgesetz). The socalled 'debt brake' prescribes a balanced budget for both the federal level and the states. However, the states have leeway regarding transposition and specification of the national requirements into...
