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Department of Economics, WU (Wirtschaftsuniversität Wien) Working papers, Department of Economics, WU (Wirtschaftsuniversität Wien)

No 76:
Das Konzept einer nachhaltigen Finanzpolitik aus heterodoxer Sicht - ein Diskussionsbeitrag

Arne Heise

Abstract: The public budget has always been a much debated object at the political level as well as in academia. This is not surprising as it mirrors the political intentions and ideologies of those running the government on the one hand and taking into account that economics is a multiparadigmatic science on the other hand. Against this backcloth, the current unambiguity of budgetary restriction in recent political and scientific debates seems curious. The paper aims at explaining this development and questions its validity by framing a concept of budgetary sustainability on the grounds of a heterodox, post Keynesian model.

Keywords: Finanzpolitik; Null-Defizit; optimale Verschuldung; Nachhaltigkeit; (follow links to similar papers)

JEL-Codes: I11; (follow links to similar papers)

April 2001

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