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structural balance-based fiscal rules (SFRs) could play in moderating pro-cyclicality, ensuring longer-term debt sustainability …
Persistent link: https://www.econbiz.de/10010857508
similar effect can be observed for the procyclicality of fiscal policy, which is significantly higher in an environment of …
Persistent link: https://www.econbiz.de/10011605917
Persistent link: https://www.econbiz.de/10011648754
discretionary fiscal policy has been procyclical, and the degree of procyclicality has increased in recent years. While the national …
Persistent link: https://www.econbiz.de/10012009981
This paper assesses the cyclicality and sustainability of fiscal policy in Belize and applies a stochastic simulation model to determine the optimal set of fiscal rules. The empirical analysis shows that fiscal policy in Belize has been significantly procyclical and unsustainable much of the...
Persistent link: https://www.econbiz.de/10012154706
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This paper analyses the effect of National Numerical Fiscal Rules (FRs) upon fiscal discipline in 74 developing countries over the period 1990-2007. It is the first study that assesses the impact of FRs on budgetary outcomes while controlling for the self-selection problem. It finds that the...
Persistent link: https://www.econbiz.de/10010821462
This paper analyses the effect of National Numerical Fiscal Rules (FRs) upon fiscal discipline in 74 developing countries over the period 1990–2007. It is the first study that assesses the impact of FRs on budgetary outcomes while controlling for the self-selection problem. It finds that the...
Persistent link: https://www.econbiz.de/10010577071