A New Fiscal Policy Regime? Germany’s Fiscal Policy in the Wake of the Pandemic
Many observers were surprised by Germany’s fiscal policy response to the Covid-19 pandemic. Not only did the parliament temporarily suspend the constitutional debt brake (Schuldenbremse), but also the government orchestrated …
Germany’s Growth Model under Attack?
On his last visit to Berlin in the beginning of May, French president Emmanuel Macron said that “the German growth model has perhaps run its course.” He argued that the …
Why Germany and the U.S. Should Embark on a Large-Scale Investment Program Now
In recent years, fiscal policy in Germany and the U.S. has diverged. In response to the financial crisis both countries implemented large stimulus programs, but over time the policy priorities …