[PDF.77mj] Rules-Based Fiscal Policy in France, Germany, Italy and Spain (Occasional Paper (Intl Monetary Fund))

Rules-Based Fiscal Policy in France, Germany, Italy and Spain (Occasional Paper (Intl Monetary Fund))

[PDF.jb69] Rules-Based Fiscal Policy in France, Germany, Italy and Spain (Occasional Paper (Intl Monetary Fund))

Rules-Based Fiscal Policy in  Teresa Dabán Sánchez, Steven A. Symansky, Gian-Maria Milesi-Ferretti, Enrica Detragiache, Gabriel Di Bella epub
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 | #3971331 in eBooks |  2003-11-14 |  2003-11-14 | File type: PDF

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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 system...

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