Results 221 to 230 of about 10,306 (261)
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Committed to flexible fiscal rules
Journal of Monetary Economics, 2023We study the impact of fiscal rules on macroeconomic performance following natural disaster shocks, using dynamic panel models and quarterly data for 89 countries. We find that countries with fiscal rules perform significantly better in the aftermath of such shocks than countries without rules.
Christoph Grosse-Steffen +2 more
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National fiscal rules and fiscal discipline in the European Union [PDF]
Applied Economics, 2021 Motivated by the fiscal imbalances in the EU countries in the recent period, this paper analyzes the effect of national fiscal rules on fiscal discipline.
Amélie Barbier-Gauchard +1 more
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Fiscal Rules in India: are they Effective? [PDF]
, 2012 AbstractThis article considers India's experience with fiscal (responsibility) rules during the past decade. The article first provides an analytical foundation on how to think about debt sustainability in the Indian context. It argues that the fiscal space “vacated” in recent years by states has been usurped by the central government.
Buiter, Willem H., Patel, Urjit R.
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The Economic Consequences of Fiscal Rules
SSRN Electronic Journal, 2023Fiscal rules are controversial. They mitigate politicians' flexibility in responding to shocks and pursuing expansionary fiscal policy. They help, however, to handle politicians' commitment problem in fiscal policies. I portray the new and fast growing empirical literature in public economics that examines the economic consequences of fiscal rules. The
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Fiscal Rules, Fiscal Institutions, and Fiscal Performance [PDF]
Economic and Social Review, 2002 Public spending is a story of some people spending other people?s money. In modern democracies, voters elect politicians to make decisions about public spending for them, and they provide the funds by paying taxes. Two aspects of this story are worrying and have received considerable academic interest in recent years.
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2018
James Buchanan pioneered the political economics of public debt 60 years ago. In this paper, we contrast his thinking of the burden of debt, the public choice mechanisms that lead to excessive debt and the demand for constitutional restraints on public debt with its development, its sustainability, the evidence on the political economy of debt and on ...
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James Buchanan pioneered the political economics of public debt 60 years ago. In this paper, we contrast his thinking of the burden of debt, the public choice mechanisms that lead to excessive debt and the demand for constitutional restraints on public debt with its development, its sustainability, the evidence on the political economy of debt and on ...
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Monetary Policy and Fiscal Rules
The B.E. Journal of Macroeconomics, 2004This paper presents a Dynamic New Keynesian model with wealth effects to study the performance of monetary policy under Ricardian and non-Ricardian fiscal regimes. The model is calibrated to euro area quarterly data. The interactions between fiscal policy and interest rate rules have critical implications for equilibrium uniqueness. Within the class of
ANNICCHIARICO, BARBARA +2 more
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The perils of fiscal feedback rules
Journal of Economic TheoryzbMATH Open Web Interface contents unavailable due to conflicting licenses.
Menuet, Maxime +2 more
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Fiscal Rules, Fiscal Space, and the Procyclicality of Fiscal Policy
FinanzArchiv, 2016We analyze the interaction of fiscal rules and fiscal space. We find strong evidence for fiscal rules being associated with higher fiscal space for the EU27 countries for the period 1990–2014. Furthermore, the analysis shows that countries with more fiscal space tend to have higher discretionary expenditures, but that this effect is significantly ...
Carolin Nerlich, Wolf Heinrich Reuter
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Fiscal rules and fiscal counter-cyclicality
Economics Letters, 2018Abstract We assess the effect of fiscal rules on a new time-varying measure of fiscal counter-cyclicality computed for 60 countries over the period 1980–2014. First, we find that fiscal counter-cyclicality is positive and has been increasing over time, being larger in advanced economies.
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