Deficit Limits, Budget Rules, and Fiscal Policy /

Deficit Limits, Budget Rules, and Fiscal Policy /

The paper presents a simple model for discussing the effects of deficit limits and budget rules on fiscal policy. I find that limits on deficit-output ratios provide incentives to implement procyclical policies when the economy is in intermediate states, and countercyclical policies only in very &qu...

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Bibliografiske detaljer
Hovedforfatter:	Manasse, Paolo
Format:	Tidsskrift
Sprog:	English
Udgivet:	Washington, D.C. : International Monetary Fund, 2005.
Serier:	IMF Working Papers; Working Paper ; No. 2005/120
Online adgang:	Full text available on IMF

Lignende værker

Procyclical Fiscal Policy : Shocks, Rules, and Institutions; A View From Mars /
af: Manasse, Paolo
Udgivet: (2006)

Budget Deficits and Budget Institutions /
af: Alesina, Alberto
Udgivet: (1996)

Fiscal Rules and the Budget Process /
af: Milesi-Ferretti, Gian
Udgivet: (1996)

Confronting Budget Deficits.
Udgivet: (1996)

From Deficit Delusion to the Fiscal Balance Rule.
Udgivet: (1989)

The Political Economy of Budget Deficits /
af: Alesina, Alberto
Udgivet: (1994)

Fiscal Deficits and Current Account Deficits /
af: Kumhof, Michael
Udgivet: (2009)

Fiscal Deficits and Inflation /
af: Catao, Luis
Udgivet: (2003)

Fiscal Policy Rules /
af: Kopits, George
Udgivet: (1998)

Budget Deficits and Interest Rates : A Fresh Perspective /
af: Aisen, Ari
Udgivet: (2008)

Accrual Budgeting and Fiscal Policy /
af: Robinson, Marc
Udgivet: (2009)

How to Measure the Fiscal Deficit.
Udgivet: (1991)

Transmission of the Effects of the Fiscal Deficit in Industrial Countries to the Fiscal Deficit of the Developing Countries.
Udgivet: (1988)

Long-Term Tendencies in Budget Deficits and Debt /
af: Mussa, Michael
Udgivet: (1995)

International Aspects of Budget Deficits with Distortionary Taxes.
Udgivet: (1987)

Fiscal Rules to Tame the Political Budget Cycle : Evidence from Italian Municipalities /
af: Forni, Lorenzo
Udgivet: (2017)

Inflation and Fiscal Deficits : The Irrelevance of Debt and Money Financing /
af: Barrionuevo, Jose
Udgivet: (1992)

Flexible Fiscal Rules and Countercyclical Fiscal Policy /
af: Guerguil, Martine
Udgivet: (2016)

Fiscal Deficits and Inflation : A New Look at the Emerging Market Evidence /
af: Terrones, Marco
Udgivet: (2001)

How to measure the fiscal deficit : analytical and methodological issues /
Udgivet: (1993)

Simple, Implementable Fiscal Policy Rules /
af: Kumhof, Michael
Udgivet: (2009)

Credit Flows, Fiscal Policy, and the External Deficit of Bosnia and Herzegovina /
af: Kanda, Daniel
Udgivet: (2006)

Fiscal Rules and the Procyclicality of Fiscal Policy in the Developing World /
af: Bova, Elva
Udgivet: (2014)

Reconsidering External Financing of Domestic Budget Deficits : Debunking Some Received Wisdom /
af: Woo, David
Udgivet: (2000)

Why Is It So Hard to Finance Budget Deficits? : Problems of a Developing Country /
af: Iwata, Shigeru
Udgivet: (2002)

Fiscal Rules : Useful Policy Framework or Unnecessary Ornament? /
af: Kopits, George
Udgivet: (2001)

Fiscal Rules and Countercyclical Policy : Frank Ramsey Meets Gramm-Rudman-Hollings /
af: Tanner, Evan
Udgivet: (2003)

Quasi-Fiscal Deficit in Non-Financial Enterprises /
af: Tchaidze, Robert
Udgivet: (2007)

Analytical and Methodological Issues in the Measurement of Fiscal Deficits.
Udgivet: (1990)

Exchange Market Reform, Inflation, and Fiscal Deficits /
af: Ucer, E.
Udgivet: (1995)

Aggregate Stability and Balanced-Budget Rules /
af: Ghilardi, Matteo
Udgivet: (2014)

Some Microeconomics of Fiscal Deficit Reductions : The Case of Tax Expenditures.
Udgivet: (1989)

How Does Trade Openness Influence Budget Deficits in Developing Countries? /
af: Combes, Jean-Louis
Udgivet: (2006)

Fiscal Rules : Coping with Revenue Volatility in Lesotho and Swaziland /
af: Honda, Jiro
Udgivet: (2017)

Fiscal Deficits, Public Debt, and Sovereign Bond Yields /
af: Kumar, Manmohan
Udgivet: (2010)

Multiple Exchange Rates, Fiscal Deficits and Inflation Dynamics /
af: Bodart, Vincent
Udgivet: (1996)

Democratic Accountability, Deficit Bias, and Independent Fiscal Agencies /
af: Debrun, Xavier
Udgivet: (2011)

Do Government Wage Cuts Close Budget Deficits? : A Conceptual Framework for Developing Countries and Transition Economies.
Udgivet: (1996)

Individual Treatment Effects of Budget Balance Rules.
Udgivet: (2020)

Closing the Deficit
af: Aaron