Rules-Based Fiscal Policy in France, Germany, Italy and Spain:
Fiscal rules can help to counteract the deficits and spending biases that too often originate in the political process. Rules that constrain spending--rather than the balance--allow fiscal policy to be countercyclical. Yet the design of effective spending rules is by no means straightforward. Should...
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1. Verfasser: | |
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Format: | Elektronisch E-Book |
Sprache: | English |
Veröffentlicht: |
Washington, D.C
International Monetary Fund
2003
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Schriftenreihe: | Occasional Papers
Occasional Paper No. 225 |
Online-Zugang: | UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 Volltext |
Zusammenfassung: | Fiscal rules can help to counteract the deficits and spending biases that too often originate in the political process. Rules that constrain spending--rather than the balance--allow fiscal policy to be countercyclical. Yet the design of effective spending rules is by no means straightforward. Should a rule be real or nominal? How comprehensive should the definition of spending be? What safeguards ensure the credibility of a rule? How do rules work in decentralized systems where regions and states are partially autonomous? France, Germany, Italy, and Spain--countries that could benefit from more emphasis on fiscal rules to constrain spending--are explored here as case studies |
Beschreibung: | 1 Online-Ressource (46 p) |
ISBN: | 1589062167 9781589062160 |
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series2 | Occasional Papers |
spelling | Dabán Sánchez, Teresa Verfasser aut Rules-Based Fiscal Policy in France, Germany, Italy and Spain Dabán Sánchez, Teresa Washington, D.C International Monetary Fund 2003 1 Online-Ressource (46 p) txt rdacontent c rdamedia cr rdacarrier Occasional Papers Occasional Paper No. 225 Fiscal rules can help to counteract the deficits and spending biases that too often originate in the political process. Rules that constrain spending--rather than the balance--allow fiscal policy to be countercyclical. Yet the design of effective spending rules is by no means straightforward. Should a rule be real or nominal? How comprehensive should the definition of spending be? What safeguards ensure the credibility of a rule? How do rules work in decentralized systems where regions and states are partially autonomous? France, Germany, Italy, and Spain--countries that could benefit from more emphasis on fiscal rules to constrain spending--are explored here as case studies Online-Ausg Detragiache, Enrica Sonstige oth Di Bella, Gabriel Sonstige oth Milesi-Ferretti, Gian-Maria Sonstige oth Symansky, Steven A. Sonstige oth http://elibrary.imf.org/view/IMF084/06029-9781589062160/06029-9781589062160/06029-9781589062160.xml Verlag URL des Erstveröffentlichers Volltext |
spellingShingle | Dabán Sánchez, Teresa Rules-Based Fiscal Policy in France, Germany, Italy and Spain |
title | Rules-Based Fiscal Policy in France, Germany, Italy and Spain |
title_auth | Rules-Based Fiscal Policy in France, Germany, Italy and Spain |
title_exact_search | Rules-Based Fiscal Policy in France, Germany, Italy and Spain |
title_exact_search_txtP | Rules-Based Fiscal Policy in France, Germany, Italy and Spain |
title_full | Rules-Based Fiscal Policy in France, Germany, Italy and Spain Dabán Sánchez, Teresa |
title_fullStr | Rules-Based Fiscal Policy in France, Germany, Italy and Spain Dabán Sánchez, Teresa |
title_full_unstemmed | Rules-Based Fiscal Policy in France, Germany, Italy and Spain Dabán Sánchez, Teresa |
title_short | Rules-Based Fiscal Policy in France, Germany, Italy and Spain |
title_sort | rules based fiscal policy in france germany italy and spain |
url | http://elibrary.imf.org/view/IMF084/06029-9781589062160/06029-9781589062160/06029-9781589062160.xml |
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