A New Rule: The Swiss Debt Brake
The paper provides an international comparison and a comprehensive analysis of a new fiscal expenditure rule for the federal government in Switzerland. The proposed rule has two innovative features: it aims at a structurally balanced budget in the short-run by annually setting a cyclically adjusted...
Gespeichert in:
| 1. Verfasser: | |
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| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Washington, D.C
International Monetary Fund
2002
|
| Schriftenreihe: | IMF Working Papers
Working Paper No. 02/18 |
| Online-Zugang: | UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 Volltext |
| Zusammenfassung: | The paper provides an international comparison and a comprehensive analysis of a new fiscal expenditure rule for the federal government in Switzerland. The proposed rule has two innovative features: it aims at a structurally balanced budget in the short-run by annually setting a cyclically adjusted expenditure ceiling, and it arrests the accumulation of public debt via corrections of future expenditure targets for past deviations from projected fiscal balances. The paper finds that the new rule is likely to reduce procyclical tendencies in fiscal policy and that its objectives are adequate in meeting long-run fiscal challenges arising from demographic changes |
| Beschreibung: | 1 Online-Ressource (27 p) |
| ISBN: | 1451843658 9781451843651 |
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| index_date | 2024-07-03T20:13:22Z |
| indexdate | 2024-07-10T09:35:31Z |
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| spelling | Danninger, Stephan Verfasser aut A New Rule The Swiss Debt Brake Danninger, Stephan Washington, D.C International Monetary Fund 2002 1 Online-Ressource (27 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers Working Paper No. 02/18 The paper provides an international comparison and a comprehensive analysis of a new fiscal expenditure rule for the federal government in Switzerland. The proposed rule has two innovative features: it aims at a structurally balanced budget in the short-run by annually setting a cyclically adjusted expenditure ceiling, and it arrests the accumulation of public debt via corrections of future expenditure targets for past deviations from projected fiscal balances. The paper finds that the new rule is likely to reduce procyclical tendencies in fiscal policy and that its objectives are adequate in meeting long-run fiscal challenges arising from demographic changes Online-Ausg http://elibrary.imf.org/view/IMF001/00079-9781451843651/00079-9781451843651/00079-9781451843651.xml Verlag URL des Erstveröffentlichers Volltext |
| spellingShingle | Danninger, Stephan A New Rule The Swiss Debt Brake |
| title | A New Rule The Swiss Debt Brake |
| title_auth | A New Rule The Swiss Debt Brake |
| title_exact_search | A New Rule The Swiss Debt Brake |
| title_exact_search_txtP | A New Rule The Swiss Debt Brake |
| title_full | A New Rule The Swiss Debt Brake Danninger, Stephan |
| title_fullStr | A New Rule The Swiss Debt Brake Danninger, Stephan |
| title_full_unstemmed | A New Rule The Swiss Debt Brake Danninger, Stephan |
| title_short | A New Rule |
| title_sort | a new rule the swiss debt brake |
| title_sub | The Swiss Debt Brake |
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