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The Political Economy of EDP Fiscal Forecasts: An Empirical Assessment [PDF]

open access: yes
This paper analyses the track record of fiscal forecasts reported by 15 European countries in the context of the Excessive Deficit Procedure. For the budget balance, gross fixed capital formation (GFCF) and interest payments, we study the statistical ...
Nuno Venes, Álvaro Pina
core  

The end of stability and growth pact? [PDF]

open access: yes
This paper evaluates the Stability and Growth Pact. After examining the rules in place and the experience so far, the Pact is analysed from a political economy perspective, focusing on the choice for so-called soft law and drawing inferences from ...
Berger, Helge   +2 more
core  

FISCAL RULES AND FISCAL RESPONSIBILITY CONVERGENCE

open access: yesUSV Annals of Economics and Public Administration, 2017
In the last decades, against the background experience of countries which have known consecutive periods of fiscal instability, place all more often the problem of consolidating public finances and establish a sustainable and stable fiscal policies that respect fiscal responsibility criteria. Government decisions have a role well determined in critical
openaire   +1 more source

Interest rate rules and global determinacy: An alternative to the Taylor principle [PDF]

open access: yes
A most wellknown determinacy condition on interest rate rules is the "Taylor principle", which says that nominal interest rates should respond more than hundred percent to inflation.
Jean-Pascal Bénassy
core  

How the EU’s fiscal rules should be reformed [PDF]

open access: green, 2021
Piotr Arak   +2 more
openalex  

The End of the Stability and Growth Pact? [PDF]

open access: yes
This paper evaluates the Stability and Growth Pact. After examining the rules in place and the experience so far, the Pact is analysed from a political economy perspective, focusing on the choice for so-called soft law and drawing inferences from ...
David-Jan Jansen   +2 more
core  

Fiscal Regimes In and Outside the MENA Region [PDF]

open access: yes
The 1990s ushered the world not only into a democracy wave, following the collapse of the former Soviet Union, but also a wave of fiscal rules, where the number of countries adopting this fiscal regime steadily rose from only 10 in 1990 to reach 97 in ...
Ibrahim Ahmed Elbadawi, Raimundo Soto
core  

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