03/16/2020
The myth of the dangerous budget deficit. Orthodox fiscal rules versus climate policy.
Read the full report in Swedish here.
Peter Bofinger is a professor in Monetary and International Economics at the German University of Würzburg and was for 15 years until last year one of the five members of the German Council of Economic Advisors. Peter Bofinger belongs to the economists who have long criticized the EU countries' fixation on the public debt ratio and the public budget balance. He believes that the fiscal rules, above all, should make exceptions for public investment.
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