Fiscal Rules Cause Lower Debt: Evidence from Switzerland’s Federal Debt Containment Rule

SUMMARY This paper studies the effect of the Swiss federal debt containment rule on public debt. Using the synthetic control method, we provide evidence that the introduction of the federal rule in 2003 has reduced public debt ratio in Switzerland by 2.5 percentage points on average until 2010. By e...

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Bibliographic details
Volume: 73
Main Author: Salvi, Michele
Schaltegger, Christoph A
Schmid, Lukas
Format: Journal Article
Language: English
Zielgruppe: Academic
Place of publication: HOBOKEN WILEY 01.11.2020
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published in: Kyklos (Basel) Vol. 73; no. 4; pp. 605 - 642
Data of publication: November 2020
ISSN: 0023-5962
EISSN: 1467-6435
Discipline: Social Sciences (General)
Bibliography: Salvi, Schaltegger (corresponding author), and Schmid: University of Lucerne, Faculty of Economics and Management, P.O. Box 4466, CH‐6002 Lucerne, Switzerland. E‐mail:,,
Online Access: available in Bonn?
Database: Social Sciences Citation Index
Web of Science - Social Sciences Citation Index – 2020
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