The impact of fiscal rules on public finances: theory and empirical evidence for the euro area
"This paper presents a review of the most significant fiscal rules policymakers can choose from. The insights from this review are then applied to the current budgetary situation of the European Union. In the European Union, the supranational Stability and Growth Pact (SGP) should provide the n...
| Main Authors: | , , , |
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| Institution: | ETUI-European Trade Union Institute |
| Format: | TEXT |
| Language: | English |
| Published: |
Munich
2010
CESifo |
| Subjects: | |
| Online Access: | https://www.labourline.org/KENTIKA-19183900124919011829-The-impact-of-fiscal-rules-on-.htm |
| _version_ | 1771659901447176194 |
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| author | Marneffe, Wim Van Aarle, Bas Van Der Wielen, Wouter Vereeck, Lode |
| author_facet | Marneffe, Wim Van Aarle, Bas Van Der Wielen, Wouter Vereeck, Lode |
| collection | Library items |
| description | "This paper presents a review of the most significant fiscal rules policymakers can choose from. The insights from this review are then applied to the current budgetary situation of the European Union. In the European Union, the supranational Stability and Growth Pact (SGP) should provide the necessary guidance in limiting governmental borrowing by member states. In addition to the SGP, European countries are implementing various other fiscal rules that bind central, regional and local governments. We provide empirical estimates of the effect of fiscal rules on fiscal balance, government spending and government revenues, using a Fiscal Rule Index. We find that fiscal rules have some effect on fiscal balances. " |
| format | TEXT |
| id | 19183900124919011829_835095e66eb541378d0f806e1181f3d5 |
| institution | ETUI-European Trade Union Institute |
| is_hierarchy_id | 19183900124919011829_835095e66eb541378d0f806e1181f3d5 |
| is_hierarchy_title | The impact of fiscal rules on public finances: theory and empirical evidence for the euro area |
| language | English |
| physical | 25 p. Digital |
| publishDate | 2010 |
| publisher | Munich CESifo |
| spellingShingle | Marneffe, Wim Van Aarle, Bas Van Der Wielen, Wouter Vereeck, Lode EMU fiscal policy public finance statistics The impact of fiscal rules on public finances: theory and empirical evidence for the euro area |
| thumbnail | https://www.labourline.org/Image_prev.jpg?Archive=115237993341 |
| title | The impact of fiscal rules on public finances: theory and empirical evidence for the euro area |
| topic | EMU fiscal policy public finance statistics |
| url | https://www.labourline.org/KENTIKA-19183900124919011829-The-impact-of-fiscal-rules-on-.htm |