Results 31 to 40 of about 2,686,558 (392)
Constitutionalisation of Fiscal Rules in Times of Financial Crises – a Cure or a Trap?
The global financial crisis of 2008 undoubtedly had a significant impact on the constitutional regulation of economic and financial matters. As a consequence of economic downturn six EU Member States (
Łukasz Kielin
doaj +1 more source
Fiscal Rules for Natural Disaster- and Climate Change-Prone Small States
How should small states formulate a countercyclical fiscal policy to achieve economic stability and fiscal sustainability when they are prone to natural disasters, climate change, commodity price changes, and uncertain donor grants?
Ryota Nakatani
semanticscholar +1 more source
Monetary Rules and Fiscal Feedback Rules [PDF]
Based on a Cobb-Douglas social welfare function in terms of the utilities of two concurrent generations, this paper derives a Pareto-efficient, envy-free, and equitable interest rate rule supported by a nonlinear-tax feedback rule in case of steady-state disturbance.
Gerasimos T. Soldatos +1 more
openaire +3 more sources
This paper shows that, contrary to their favourable effect in the EU non-FCC (Former Communist Countries), fiscal rules do not significantly affect fiscal performance in the group of EU FCC.
Cezara Vinturis
semanticscholar +1 more source
National fiscal rules and fiscal discipline in the European Union
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.
A. Barbier-Gauchard +2 more
semanticscholar +1 more source
Fiscal rules are laws aimed at reducing the incentive to accumulate debt, and many countries adopt them to discipline local governments. Yet, their effectiveness is disputed because of commitment and enforcement problems. We study their impact applying a quasi-experimental design in Italy.
Grembi, Veronica +2 more
openaire +4 more sources
A case for the introduction of numerical fiscal rules in the Serbian Constitution [PDF]
The recommendation of numerical fiscal rules in Serbia, presented in this paper, is based on the inherent bias of fiscal policy towards expenditure, and consequently continuous fiscal deficit and excessive sovereign debt.
Begović Boris +2 more
doaj +1 more source
Abstract Fiscal policy has recently been encouraged to increase competition, monitor Africa’s debt to GDP and improve its economic growth. Importantly, the present fiscal situation in most African countries will seem to have significant consequences for both public and private investments.
openaire +2 more sources
Fiscal rules are a tool for disciplining fiscal policy and ensuring the balance in public finances. The article is devoted to the fiscal rules in force in Poland.
Anna Kawarska
doaj +1 more source
The application of the European Union fiscal rules in the COVID-19 pandemic crisis [PDF]
The paper examines the application of the European Union fiscal rules in the conditions of disturbances caused by the COVID-19 pandemic. Faced with a severe economic crisis, the European Union (EU) institutions for the first time activated a "general ...
Golubović Srđan
doaj +1 more source

