Fiscal Rules in a Volatile World : A Welfare-Based Approach /

It is widely agreed that a fiscal rule should boost discipline and credibility, reduce macroeconomic volatility, and be easily understood. To support such goals, a government may run structural surpluses and accumulate a precautionary cushion of assets on behalf of agents who do not enjoy access to...

وصف كامل

التفاصيل البيبلوغرافية
المؤلف الرئيسي: Restrepo, Jorge
مؤلفون آخرون: Garcia, Carlos, Tanner, Evan
التنسيق: دورية
اللغة:English
منشور في: Washington, D.C. : International Monetary Fund, 2011.
سلاسل:IMF Working Papers; Working Paper ; No. 2011/056
الوصول للمادة أونلاين:Full text available on IMF