The past and future of subnational fiscal rules: An analysis of fiscal rules over time
Fiscal rules are increasingly used at state and local levels to promote fiscal sustainability in OECD countries. Following the Global Financial Crisis, multiple reforms to fiscal rule frameworks were made so that governments could better tackle crises and build buffers for future downturns. This pap...
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| Format: | Elektronisch E-Book |
| Sprache: | English |
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Paris
OECD Publishing
2022
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| Schriftenreihe: | OECD Working Papers on Fiscal Federalism
no.41 |
| Schlagworte: | |
| Online-Zugang: | Volltext |
| Zusammenfassung: | Fiscal rules are increasingly used at state and local levels to promote fiscal sustainability in OECD countries. Following the Global Financial Crisis, multiple reforms to fiscal rule frameworks were made so that governments could better tackle crises and build buffers for future downturns. This paper examines recent trends in the adoption of fiscal rules across levels of government and empirically assesses their effects with the purpose of providing lessons for the post-COVID-19 period. Beyond addressing the deterioration in public finances after the pandemic, the challenges include addressing the impact of population ageing, climate change and the energy transition, as well as growing regional inequalities. Evolution of the rules employed at the central level are contrasted to those at the subnational levels, including design features and institutional elements, together with their goals and limitations. |
| Beschreibung: | 1 Online-Ressource (52 p.) 21 x 28cm. |
| DOI: | 10.1787/d2798c9e-en |
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| spelling | de Biase, Pietrangelo VerfasserIn aut The past and future of subnational fiscal rules An analysis of fiscal rules over time Pietrangelo, de Biase and Sean, Dougherty Paris OECD Publishing 2022 1 Online-Ressource (52 p.) 21 x 28cm. Text txt rdacontent Computermedien c rdamedia Online-Ressource cr rdacarrier OECD Working Papers on Fiscal Federalism no.41 Fiscal rules are increasingly used at state and local levels to promote fiscal sustainability in OECD countries. Following the Global Financial Crisis, multiple reforms to fiscal rule frameworks were made so that governments could better tackle crises and build buffers for future downturns. This paper examines recent trends in the adoption of fiscal rules across levels of government and empirically assesses their effects with the purpose of providing lessons for the post-COVID-19 period. Beyond addressing the deterioration in public finances after the pandemic, the challenges include addressing the impact of population ageing, climate change and the energy transition, as well as growing regional inequalities. Evolution of the rules employed at the central level are contrasted to those at the subnational levels, including design features and institutional elements, together with their goals and limitations. Finance and Investment Governance Taxation Economics Dougherty, Sean MitwirkendeR ctb FWS01 ZDB-13-SOC FWS_PDA_SOC https://doi.org/10.1787/d2798c9e-en Volltext |
| spellingShingle | de Biase, Pietrangelo The past and future of subnational fiscal rules An analysis of fiscal rules over time Finance and Investment Governance Taxation Economics |
| title | The past and future of subnational fiscal rules An analysis of fiscal rules over time |
| title_auth | The past and future of subnational fiscal rules An analysis of fiscal rules over time |
| title_exact_search | The past and future of subnational fiscal rules An analysis of fiscal rules over time |
| title_full | The past and future of subnational fiscal rules An analysis of fiscal rules over time Pietrangelo, de Biase and Sean, Dougherty |
| title_fullStr | The past and future of subnational fiscal rules An analysis of fiscal rules over time Pietrangelo, de Biase and Sean, Dougherty |
| title_full_unstemmed | The past and future of subnational fiscal rules An analysis of fiscal rules over time Pietrangelo, de Biase and Sean, Dougherty |
| title_short | The past and future of subnational fiscal rules |
| title_sort | past and future of subnational fiscal rules an analysis of fiscal rules over time |
| title_sub | An analysis of fiscal rules over time |
| topic | Finance and Investment Governance Taxation Economics |
| topic_facet | Finance and Investment Governance Taxation Economics |
| url | https://doi.org/10.1787/d2798c9e-en |
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