The European Union's constitutional balanced-budget amendment, the Stability and Growth Pact (SGP), dictates that EU … member states keep their budget deficits within three percent of GDP and that government debt be kept at or below 60 percent … prioritizes budget-balancing over reductions in spending and unemployment. For Americans, this a valuable lesson, as it shows what …

-sustainable strategy. A combination of government-imposed tax increases and sustained cuts in non-interest government spending, most likely …

Congress has expressed interest, one way or the other, in a balanced-budget requirement for the past six decades. Yet … despite numerous attempts, the legislative body has never passed a constitutional balanced-budget amendment. Most of the …. Less time and effort has been spent on economic analysis. This paper discusses how a balanced-budget requirement would …

We review the main budgetary measures not accepted by the Portuguese Constitutional Court in the Budget Laws of 2012 …, 2013 and 2014. Considering the feedback effect of the fiscal impulse, the impact on the budget balance is -0.42% and of -0 …

This paper investigates the heterogenous effects of budget balance rules on fiscal policy in a large sample of …-in-Differences Method. Our results indicate that countries with a budget balance rule improve their fiscal balance on average by around 3 … have had large deficits in the absence of the fiscal rule exhibit positive treatment effects, thus reducing their budget …

This paper discusses an alternative route to a balanced budget, namely through debt control. Two models are compared …

This paper examines empirically how transparency of the budget process affects fiscal rules and incentives for fiscal …