Results 81 to 90 of about 520,326 (254)

The Stability and Growth Pact Time to Rebuild! [PDF]

open access: yes
Within this paper we specify a symmetric two country model for the euro area to evaluate monetary and fiscal policy interaction with decentralized fiscal authorities. Obviously this calls for rules which neatly balance the chances and perils.
Bofinger, Peter, Mayer, Eric
core  

Fiscal Policy: Too Political? [PDF]

open access: yes
The paper provides an analysis of the role of fiscal rules. The authors first provide a rationale for the existence of fiscal rules, namely to avoid a governmental bias toward budget deficits.
Ondøej Schneider, Petr Hedbávný
core  

European economic governance through fiscal rules

open access: yesKöz-gazdaság, 2019
The European Union has been one of the most enthusiastic proponents of fiscal rules. Following the European sovereign debt crisis, the EU did not embark on a wide-scale governance reform with the aim of creating a fiscal union; rather, it started to ...
István Benczes
doaj  

Does it cost to be virtuous? The macroeconomic effects of fiscal constraints [PDF]

open access: yes
We study whether and how fiscal restrictions alter the business cycle features of macrovariables for a sample of 48 US states. We also examine the ”typical” transmission properties of fiscal disturbances and the implied fiscal rules of states with ...
Evi Pappa, Fabio Canova
core  

Determinants of fiscal rules

open access: yesApplied Economics Letters, 2016
ABSTRACTThis article empirically assesses determinants of countries’ fiscal rules suggested by the political science, sociology and economics literature. We find several of these variables to be related to the stringency of fiscal rules, providing indirect evidence for the relevance of governments’ deficit bias.
Badinger, Harald, Reuter, Wolf Heinrich
openaire   +3 more sources

Fiscal Rules and Macroeconomic Stability [PDF]

open access: yes
In this paper we analyze the impact of fiscal rules on the effectiveness of fiscal policy as a macroeconomic stabilizing instrument. First, we review the available evidence on the effects of fiscal policy to affect output in the short run and real ...
Javier Andres, Rafael Domenech
core  

Home - About - Disclaimer - Privacy