Results 51 to 60 of about 10,207 (162)
Fiscal Policy Rules in Practice [PDF]
SSRN Electronic Journal, 2007 This paper analyzes German and Spanish fiscal policy using simple policy rules. We choose Germany and Spain, as both are Member States in the European Monetary Union (EMU) and underwent considerable increases in public debt in the early 1990s. We focus on the question, how fiscal policy behaves under rising public debt ratios.
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Fiscal rules: the imitation game
Applied Economics, 2023 DR LEO - Working paper 2022 ...
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Journal of Public Economic Theory, 2006 AbstractUnstable government debt dynamics can typically be stabilized around a certain target level of debt by adjustments in various fiscal instruments, like government spending, transfers, or taxes. This paper investigates properties of debt stabilizing rules which link the needed budgetary adjustments to the state of the economy.
Michel, Philippe +2 more
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Fiscal Rules and Fiscal Councils
IMF Working PapersThis paper examines the evolving landscape of fiscal rules and fiscal councils worldwide, focusing on developments since the pandemic. Drawing on the latest updates to the IMF’s Fiscal Rules and Fiscal Councils databases—which cover more than 120 economies and 54 fiscal councils—it documents the increasing adoption of fiscal rules, particularly in ...
Virginia Alonso-Albarran +11 more
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The impact of fiscal councils on the budgetary consolidation [PDF]
Public and Municipal Finance, 2017 Fiscal councils are independent institutions that play an important role in execution of fiscal rules and budgetary discipline through their realistic and unbiased macroeconomic and budgetary analysis and projections.
Ante Žigman, Martina Jergović
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The Sustainability Dilemma: Fiscal Rules, Institutional Quality, and Economic Outcomes in the EU
SystemsGiven that the European Union is facing complex fiscal challenges arising from recent crises, understanding the impact of fiscal rules, institutional governance, and economic performance is critical.
Oana-Ramona Lobonț +5 more
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Fiscal aspects of the European monetary integration [PDF]
Zbornik Radova Pravnog Fakulteta u Nišu, 2014 Along with the introduction of the euro as a single currency, importance of respecting the fiscal aspects which determine longevity of the monetary arrangement is recognized.
Golubović Srđan
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The Political Determinants of Fiscal Governance in the EU: Towards a New Equilibrium
Politics and Governance, 2023 The article investigates the political determinants of fiscal governance in the EU. Since the outset of the Economic and Monetary Union, the EU adopted a model of fiscal regulation which attempted to keep government debt and deficit in check to avoid ...
Marco Buti, Sergio Fabbrini
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Issues in the Design of Fiscal Policy Rules [PDF]
The Manchester School, 2015 Theory suggests that government should smooth taxes and spending, and adjustments in the level of debt should be gradual. Fiscal rules should therefore relate to deficits rather than debt. Rules should also reflect constraints on monetary policy. In normal times, rules should reflect political and institutional considerations, such as the potential for
Portes, Jonathan, Wren-Lewis, Simon
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Köz-gazdaságThis study conducts a structured literature review examining the role of fiscal institutions in promoting fiscal discipline, managing public debt, and supporting economic stability in Sub-Saharan Africa. By synthesising theoretical and empirical studies
Esau Washipobe Wesa, Marianna Sávai
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