financial markets. Finally, the findings show that both the presence of fiscal rules (and its constituent parts) and the … strength of fiscal rules (i.e. the credibility of the fiscal rules) are important in reducing the impact of default on debt …

of more transparent institutional arrangements and more flexible fiscal rules can contribute to better fiscal management …, ensuring long-term economic sustainability. Finally, it is worth highlighting the importance of adapting fiscal rules to local …

financial markets. Finally, the findings show that both the presence of fiscal rules (and its constituent parts) and the … strength of fiscal rules (i.e. the credibility of the fiscal rules) are important in reducing the impact of default on debt …

The reform of the European fiscal rules came into force on 30 April 2024. The new rules, like the former ones, impose a … spending. A new form of governance would be required to prevent the fiscal rules from imposing restrictive fiscal policies to …

The zero lower bound era introduced a new perspective on the functionality of fiscal rules. With such low interest … rules too restrictive. Using data of Swiss cantonal public finances between 1990 and 2020, we investigate as to how fiscal … show, first, that fiscal rules constrain public debt and total spending, but not investment spending. Second, variation in …