Fiscal Rules : Useful Policy Framework or Unnecessary Ornament? /

With the primary objective of conferring credibility on macroeconomic policies, an increasing number of advanced and emerging market economies have adopted various forms of fiscal rules (mainly balanced-budget requirements and debt limits). In contrast to previous fiscal rules, many of which lacked...

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Bibliographic Details
Main Author: Kopits, George
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 2001.
Series:IMF Working Papers; Working Paper ; No. 2001/145
Online Access:Full text available on IMF