Andrián, Leandro; Hirs-Garzón, Jorge; Urrea, Iván; … - 2023
Governments can issue public debt for both good and bad reasons. The former include intertemporal tax smoothing, fiscal … that fiscal rules have on public debt, this paper studies the effect of different types of rules on debt behavior and their … significant effect on the reduction of public debt during the positive side of the economic cycle if adequate institutional …