The United States has raised its legal debt limit by $2.1 trillion. Additionally, the country plans to save $2.4 trillion over the next ten years. Dr. Marcus Kappler, deputy head of the Growth and Business Cycles research group at ZEW, calls for a turn in US fiscal policy.
Having studied economics at the University of Tuebingen, the University of Maryland, USA, and the Free University of Berlin, Marcus Kappler received his Ph. D. ("Dr. rer. pol.") from the University of Frankfurt in 2007. Since January 2002, he has been working at ZEW and currently holds the position of deputy head of the Growth and Business Cycles research group. His research focuses on the accuracy of economic forecasts, structural unemployment and influencing factors on production capacity.