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 … political cycles, rent capture, intergenerational transfers, and common pool problems. Fiscal rules aim to eliminate the problem … relevance of fiscal rules and institutions to the proper management of fiscal processes in different countries, the evidence …