Results 121 to 130 of about 520,326 (254)

EU fiscal rules: issues and lessons from political economy [PDF]

open access: yes
The paper analyses the EU fiscal rules from a political economy perspective and derives some policy lessons. Following a literature survey, the paper stresses the importance of appropriate incentives for rule compliance in an environment where national ...
Schuknecht, Ludger
core  

Fiscal Rules and Fiscal Performance in the European Union and Japan [PDF]

open access: yes
Fiscal rules specify quantitative targets for key budgetary aggregates. In this paper, we review the experience with such rules in Japan and in the European Union (EU). Comparing the performance of fiscal policy in the 1980s and 1990s until 2003, we find
von-Hagen, Jurgen
core  

Identifying endogenous fiscal policy rules for macroeconomic models [PDF]

open access: yes
In this paper, we present a model-based method for identifying fiscal closure rules in stochastic macroeconomic models. The methodology is based on the stability analysis of the model at hand, with an endogenous derivation of a reaction on the part of ...
Hiebert, Paul, Pérez, Javier J.
core  

DIRECTIONS OF EXPANSION FISCAL SPACE IN TERMS OF FINANCIAL INSTABILITY

open access: yesEconomics & Education, 2016
The paper identifies substantial reasons, the principles, conditions and institutional mechanisms for expanding fiscal space as a reflection of the objective need for development and modernization of the financial system of Ukraine in the European ...
Diana Osetska
doaj  

The Colombian Budget Process [PDF]

open access: yes
The rules that govern the budget process are important determinants of fiscal outcomes, with potentially important macroeconomic implications. This paper starts with a review of the theoretical underpinnings of the effects of budget processes and the ...
Roberto Perotti, Ulpiano Ayala Oramas
core  

Has the Stability and Growth Pact stabilised? Evidence from a panel of 12 European countries and some implications for the reform of the Pact [PDF]

open access: yes
Ever since its inception EMU has been subject to controversy. The fiscal policy rules embedded in the Treaty on European Union, and clarified in the Stability and Growth Pact (SGP), are probably the most contentious. The SGP is being accused of being too
Carlos José Fonseca Marinheiro
core   +1 more source

The fiscal and macroeconomic effects of fiscal rules

open access: yesJournal of Economics
Abstract A majority of advanced and developing countries have adopted fiscal rules, which aim on managing fiscal aspects, such as government debt, government budget balances and other factors. Alongside national fiscal rules, many economic and monetary unions have implemented common fiscal rules, which affect all member countries and ...
openaire   +1 more source

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