This paper describes how the Swiss fiscal rule at federal level has fared since it was introduced in 2003. Generally speaking, the rule has modified the budget process and led to a better implementation of fiscal policy objectives. It is argued that the most important factor is the existence of...

This paper describes how the Swiss fiscal rule at federal level has fared since it was introduced in 2003. Generally speaking, the rule has modified the budget process and led to a better implementation of fiscal policy objectives. It is argued that the most important factor is the existence of...

Die vorliegende Arbeit gibt Auskunft über wesentliche Aspekte der Fiskalregel auf Bundesebene in der Schweiz, der Schuldenbremse, welche auch für Fiskalregeln im allgemeinen von Bedeutung sind. Es werden die politökonomischen Grundlagen der regelgebundenen Finanzpolitik vorgestellt. Dabei...