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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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Do fiscal rules need budget transparency to be effective?
European Journal of Political Economy, 2022Bram Gootjes, Jakob de Haan
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Do fiscal rules cause better fiscal balances? A new instrumental variable strategy
European Journal of Political Economy, 2020Francesca G Caselli, Julien Reynaud
exaly
How fiscal rules can reduce sovereign debt default risk
Emerging Markets Review, 2022Jose Eduardo Gomez-Gonzalez
exaly
National fiscal rules and fiscal discipline in the European Union
Applied Economics, 2021Amélie Barbier-Gauchard, Alexandru
exaly
National numerical fiscal rules: Not complied with, but still effective?
European Journal of Political Economy, 2015Wolf Heinrich Reuter
exaly