US EditionHow Sensible Is Danthine's Proposal for an Adjusted Debt Brake?
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How Sensible is Danthine's Proposal for an Adjusted Debt Brake?
Former Swiss National Bank Vice Chairman Jean-Pierre Danthine wants to adapt the debt brake so that the federal government can make sufficient investments in climate protection. The rationale behind this proposal is also understandable to Professor Christoph Schaltegger, an expert on Swiss fiscal policy. However, a special rule for investments could narrow rather than expand politicians’ room for manoeuvre. Moreover, experience from political pr…
The former National Bank vize Jean-Pierre Danthine wants to adjust the debt brake so that the federal government can make sufficient investments in climate protection. The consideration behind it is also understandable for Professor Christoph Schaltegger, a connoisseur of Swiss fiscal policy. However, a regulation for the investments could narrow the scope of the politicians rather than expand. Furthermore, the experiences from political practic…
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