Design Choices for Fiscal Policy Rules:

This article discusses issues regarding budget process rules in the context of the current pattern of rising fiscal deficits. It begins by explaining the premise that budget process rules have multiple objectives, and so must be judged according to multiple criteria. Prominent among those criteria,...

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Bibliographic Details
Main Author: Anderson, Barry (Author)
Other Authors: Minarik, Joseph J.. (Contributor)
Format: Electronic Article
Language:English
Published: Paris OECD Publishing 2006
Subjects:
Online Access:DE-862
DE-863
Summary:This article discusses issues regarding budget process rules in the context of the current pattern of rising fiscal deficits. It begins by explaining the premise that budget process rules have multiple objectives, and so must be judged according to multiple criteria. Prominent among those criteria, given the apparent economic sluggishness of the early years of the 1990s and the resulting fiscal deficits, are how any particular set of rules might facilitate economic recovery and growth, but also maintain fiscal responsibility and public credibility.
Physical Description:1 Online-Ressource (51 Seiten)

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