Anticyclical financial policy one calls the attempt to work by organization of the national incomes and expenditures on an increasing steadiness of the economic cycle. In a recession in addition taxes and deliveries must lowered or the expenditures for subsidies (e.g. Capital investment grants) or national purchases to be increased. Thus is to be met to a lack of demand. Turned around taxes must be increased in boom phases for reserves and expenditures be lowered, in order to finance thereby the expenditures of such a financial policy.

Economiceconomics basis of the anticyclical financial policy forms the Keynesianismus. Keynes regarded markets as in itself unstably. Therefore the task comes to stabilize the market for the state. According to trailers this concept proved with the fight of the world economic crisis in the USA as successful. The world economic crisis of the 1930er years is based however on cooperating several factors, so that restaurant economics represent different opinions over the effectiveness of the anticyclical financial policy.

The Neoliberalismus took up this idea, regards such interferences for reconciliation of business fluctuations however only then as justified and necessary, if these are covered by reserves, thus not with a new indebtedness to accompany. Economic situation programs over subsidies are understood as straw fires, which harm on a long-term basis more than would use. Subsidies distort the competition after neoliberaler view by unilateral nature, prevent in such a way innovation and structural change and should therefore be diminished.

Germany

In Germany this found its precipitation in the stability and growth law, which gave instruments for an anticyclical policy to the policy to the hand. So an economic situation balance reserve in the national budget should be formed in boom phases, which is again dissolved in recession phases. An economic situation addition to the income tax should absorb the demand in the boom. Furthermore the law planned capital investment grants.

However this kind failed to the policy in the seventies. Most important points of criticism were

• the absence of "„contingency programmes "“and with it connected the retardations of the policy, which worked exactly in the worst case at the wrong time;
• the will lacking of the politicians, once granted privileges in the next upswing also again to paint,
• the neglect of negative effects of the national indebtedness rising by a wrongly conceived anticyclical policy.

At the beginning of the eighties the anticyclical policy from the politico-economic instrument housing disappeared. However automatic stabilizers for a certain reconciliation of fluctuations relating to market conditions are to contribute after the economiceconomics understanding prevailing today.

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