Rules-Based Fiscal Policy in France, Germany, Italy, and Spain /

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...

Ausführliche Beschreibung

Bibliographische Detailangaben
1. Verfasser: Daban Sanchez, Teresa
Weitere Verfasser: Detragiache, Enrica, Milesi-Ferretti, Gian, Symansky, Steven
Format: Zeitschrift
Sprache:English
Veröffentlicht: Washington, D.C. : International Monetary Fund, 2003.
Schriftenreihe:Occasional Papers; Occasional Paper ; No. 2003/009
Online Zugang:Full text available on IMF