This paper investigates how numerical fiscal rules affect government investment in the EU and disentangles their effect … over the business cycle. Public investment seems to be generally susceptible to cutbacks during recessions. Fiscal rules … demonstrate heterogeneous effects, depending on their design and on the state of the economy. Specifically, rigid fiscal rules …

In this paper, we examine the impact of different types of institutions including fiscal rules to the conventional … institutional framework on FDI in 24 developing countries from 1996 to 2018. No study to date explores the role of fiscal rules on … negative effect of expenditure rules on FDI, indicating that such fiscal rules act as a signal of fiscal indiscipline. We also …

This paper studies the effect of fiscal rules on debt affordability in a large set of developed and emerging market …-quality fiscal rules. The findings have important policy implications for fiscal management, especially in emerging market economies. …

complied with or deviated from implemented fiscal rules. It provides annual data on fiscal rules for 14 LAC countries from 2000 … descriptive statistics reflecting the panorama of the fiscal rules implemented in LAC countries. Additionally, it calculates …

This study examines major reform proposals of EU fiscal rules from an economic and legal perspective. We disassemble … final reform package. We show that quite far-reaching reforms of EU fiscal rules are feasible without treaty change as … unanimous vote in the Council after consultation of the European Parliament and the ECB. Proposals that try to shift fiscal …