Internformat: Fiscal rules in response to the crisis

Fiscal rules in response to the crisis: toward the "next generation" rules : a new dataset

Strengthening fiscal frameworks, in particular fiscal rules, has emerged as a key response to the fiscal legacy of the crisis. This paper takes stock of fiscal rules in use around the world, compiles a dataset - covering national and supranational fiscal rules, in 81 countries from 1985 to end-March...

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1. Verfasser:	Budina, Nina (VerfasserIn)
Format:	Elektronisch E-Book
Sprache:	English
Veröffentlicht:	Washington, D.C International Monetary Fund 2012
Schriftenreihe:	IMF Working Papers Working Paper No. 12/187
Schlagworte:	Global Financial Crisis (2008-2009) 2008 - 2009 Fiscal policy BUSINESS & ECONOMICS / Public Finance Wirtschaft Fiscal policy > Europe Global Financial Crisis, 2008-2009 Europa
Online-Zugang:	BSB01 FAN01 FAW01 FAW02 FHA01 FKE01 FLA01 FLA01 FNU01 LCO01 SBG01 SBR01 TUM01 UBA01 UBG01 UBM01 UBR01 UBT01 UBW01 UBY01 UEI01 UER01 UPA01 Volltext
Zusammenfassung:	Strengthening fiscal frameworks, in particular fiscal rules, has emerged as a key response to the fiscal legacy of the crisis. This paper takes stock of fiscal rules in use around the world, compiles a dataset - covering national and supranational fiscal rules, in 81 countries from 1985 to end-March 2012 - and presents details about the rules' key design elements, particularly in support of enforcement. This information is summarized in a set of fiscal rules indices. Three key findings emerge: (i) many new fiscal rules have been adopted and existing ones strengthened in response to the crisis; (ii) the number of fiscal rules and the comprehensiveness of the design features in emerging economies has caught up to those in advanced economies; and (iii) the ""next-generation"" fiscal rules are increasingly complex as they combine the objectives of sustainability and with the need for flexibility in response to shocks, thereby creating new challenges for implementation, communication, and monitoring
Beschreibung:	Title from PDF title page (IMF Web site, viewed Jul. 25, 2012). - "Fiscal Affairs Department.". - "July 2012."
Beschreibung:	1 Online-Ressource (49 Seiten)
ISBN:	1475505353 9781475505351 9781475598933 1475598939 9781475518245 1475518242
ISSN:	1018-5941

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geographic	Europa
geographic_facet	Europa
id	DE-604.BV048358308
illustrated	Not Illustrated
index_date	2024-07-03T20:14:04Z
indexdate	2024-07-10T09:35:52Z
institution	BVB
institution_GND	(DE-588)3009484-7
isbn	1475505353 9781475505351 9781475598933 1475598939 9781475518245 1475518242
issn	1018-5941
language	English
oai_aleph_id	oai:aleph.bib-bvb.de:BVB01-033737544
oclc_num	801719632 1337120456
open_access_boolean
owner	DE-20 DE-824 DE-70 DE-155 DE-BY-UBR DE-29 DE-22 DE-BY-UBG DE-473 DE-BY-UBG DE-1102 DE-703 DE-859 DE-706 DE-384 DE-860 DE-19 DE-BY-UBM DE-739 DE-355 DE-BY-UBR DE-Aug4 DE-1049 DE-12 DE-91 DE-BY-TUM DE-1046 DE-1047
owner_facet	DE-20 DE-824 DE-70 DE-155 DE-BY-UBR DE-29 DE-22 DE-BY-UBG DE-473 DE-BY-UBG DE-1102 DE-703 DE-859 DE-706 DE-384 DE-860 DE-19 DE-BY-UBM DE-739 DE-355 DE-BY-UBR DE-Aug4 DE-1049 DE-12 DE-91 DE-BY-TUM DE-1046 DE-1047
physical	1 Online-Ressource (49 Seiten)
psigel	ZDB-1-IMF ZDB-4-EBA ZDB-30-PAD ZDB-30-PBE ZDB-4-EBA FAW_PDA_EBA ZDB-4-EBA FLA_PDA_EBA
publishDate	2012
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publisher	International Monetary Fund
record_format	marc
series2	IMF Working Papers
spelling	Budina, Nina Verfasser (DE-588)171316177 aut Fiscal rules in response to the crisis toward the "next generation" rules : a new dataset prepared by Andrea Schaechter [and others] Washington, D.C International Monetary Fund 2012 1 Online-Ressource (49 Seiten) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers Working Paper No. 12/187 1018-5941 Title from PDF title page (IMF Web site, viewed Jul. 25, 2012). - "Fiscal Affairs Department.". - "July 2012." Strengthening fiscal frameworks, in particular fiscal rules, has emerged as a key response to the fiscal legacy of the crisis. This paper takes stock of fiscal rules in use around the world, compiles a dataset - covering national and supranational fiscal rules, in 81 countries from 1985 to end-March 2012 - and presents details about the rules' key design elements, particularly in support of enforcement. This information is summarized in a set of fiscal rules indices. Three key findings emerge: (i) many new fiscal rules have been adopted and existing ones strengthened in response to the crisis; (ii) the number of fiscal rules and the comprehensiveness of the design features in emerging economies has caught up to those in advanced economies; and (iii) the ""next-generation"" fiscal rules are increasingly complex as they combine the objectives of sustainability and with the need for flexibility in response to shocks, thereby creating new challenges for implementation, communication, and monitoring Online-Ausg Global Financial Crisis (2008-2009) fast 2008 - 2009 fast Fiscal policy fast BUSINESS & ECONOMICS / Public Finance bisacsh Wirtschaft Fiscal policy Fiscal policy Europe Global Financial Crisis, 2008-2009 Europa Kinda, Tidiane Sonstige oth Schächter, Andrea 1968- Sonstige (DE-588)121170594 oth Weber, Anke Sonstige oth Internationaler Währungsfonds Fiscal Affairs Department Sonstige (DE-588)3009484-7 oth http://elibrary.imf.org/view/IMF001/12972-9781475505351/12972-9781475505351/12972-9781475505351.xml Verlag URL des Erstveröffentlichers Volltext
spellingShingle	Budina, Nina Fiscal rules in response to the crisis toward the "next generation" rules : a new dataset Global Financial Crisis (2008-2009) fast Fiscal policy fast BUSINESS & ECONOMICS / Public Finance bisacsh Wirtschaft Fiscal policy Fiscal policy Europe Global Financial Crisis, 2008-2009
title	Fiscal rules in response to the crisis toward the "next generation" rules : a new dataset
title_auth	Fiscal rules in response to the crisis toward the "next generation" rules : a new dataset
title_exact_search	Fiscal rules in response to the crisis toward the "next generation" rules : a new dataset
title_exact_search_txtP	Fiscal rules in response to the crisis toward the "next generation" rules : a new dataset
title_full	Fiscal rules in response to the crisis toward the "next generation" rules : a new dataset prepared by Andrea Schaechter [and others]
title_fullStr	Fiscal rules in response to the crisis toward the "next generation" rules : a new dataset prepared by Andrea Schaechter [and others]
title_full_unstemmed	Fiscal rules in response to the crisis toward the "next generation" rules : a new dataset prepared by Andrea Schaechter [and others]
title_short	Fiscal rules in response to the crisis
title_sort	fiscal rules in response to the crisis toward the next generation rules a new dataset
title_sub	toward the "next generation" rules : a new dataset
topic	Global Financial Crisis (2008-2009) fast Fiscal policy fast BUSINESS & ECONOMICS / Public Finance bisacsh Wirtschaft Fiscal policy Fiscal policy Europe Global Financial Crisis, 2008-2009
topic_facet	Global Financial Crisis (2008-2009) Fiscal policy BUSINESS & ECONOMICS / Public Finance Wirtschaft Fiscal policy Europe Global Financial Crisis, 2008-2009 Europa
url	http://elibrary.imf.org/view/IMF001/12972-9781475505351/12972-9781475505351/12972-9781475505351.xml
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