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EMU fiscal indicators: a misleading compass?

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  • Fabrizio Balassone

    ()

  • Daniele Franco
  • Stefania Zotteri

Abstract

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File URL: http://hdl.handle.net/10.1007/s10663-006-9008-x
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Bibliographic Info

Article provided by Springer in its journal Empirica.

Volume (Year): 33 (2006)
Issue (Month): 2 (June)
Pages: 63-87

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Handle: RePEc:kap:empiri:v:33:y:2006:i:2:p:63-87

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Web page: http://www.springerlink.com/link.asp?id=100261

Related research

Keywords: EMU; Fiscal rules; Fiscal indicators; H60; H62; H63;

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References

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  1. David Bradford, 1991. "Tax Policy and the Economy, Volume 5," NBER Books, National Bureau of Economic Research, Inc, number brad91-1, January.
  2. Buti, M. & Eijffinger, S.C.W. & Franco, D., 2003. "Revisiting the stability and growth pact: Grand design or internal adjustment?," Open Access publications from Tilburg University urn:nbn:nl:ui:12-152958, Tilburg University.
  3. Alan J. Auerbach & Jagadeesh Gokhale & Laurence J. Kotlikoff, 1991. "Generational Accounts: A Meaningful Alternative to Deficit Accounting," NBER Chapters, in: Tax Policy and the Economy, Volume 5, pages 55-110 National Bureau of Economic Research, Inc.
  4. Kenji Moriyama & Gian-Maria Milesi-Ferretti, 2004. "Fiscal Adjustment in Eu Countries," IMF Working Papers 04/143, International Monetary Fund.
  5. Petersen, John E., 2003. "Changing Red to Black: Deficit Closing Alchemy," National Tax Journal, National Tax Association, vol. 56(3), pages 567-77, September.
  6. Rolf Strauch & Mark Hallerberg & Jürgen von Hagen, 2004. "Budgetary Forecasts in Europe – The Track Record of Stability and Convergence Programmes," Economic Working Papers at Centro de Estudios Andaluces E2004/42, Centro de Estudios Andaluces.
  7. Christopher M. Towe, 1991. "The Budgetary Control and Fiscal Impact of Government Contingent Liabilities," IMF Staff Papers, Palgrave Macmillan, vol. 38(1), pages 109-134, March.
  8. George Kopits & J. D. Craig, 1998. "Transparency in Government Operations," IMF Occasional Papers 158, International Monetary Fund.
  9. Vincent Koen & Paul van den Noord, 2005. "Fiscal Gimmickry in Europe: One-Off Measures and Creative Accounting," OECD Economics Department Working Papers 417, OECD Publishing.
  10. Olivier Jean Blanchard, 1990. "Suggestions for a New Set of Fiscal Indicators," OECD Economics Department Working Papers 79, OECD Publishing.
  11. George Kopits & Steven A. Symansky, 1998. "Fiscal Policy Rules," IMF Occasional Papers 162, International Monetary Fund.
  12. George Kopits, 2001. "Fiscal Rules," IMF Working Papers 01/145, International Monetary Fund.
  13. André Sapir & Marco Buti, 1998. "Economic policy in EMU," ULB Institutional Repository 2013/8078, ULB -- Universite Libre de Bruxelles.
  14. M. Cangiano, 1996. "Accountability and Transparency in the Public Sector," IMF Working Papers 96/122, International Monetary Fund.
  15. Charles Wyplosz, 2002. "Fiscal Policy: Institutions vs. Rules," IHEID Working Papers 03-2002, Economics Section, The Graduate Institute of International Studies.
  16. Blejer, Mario I & Cheasty, Adrienne, 1991. "The Measurement of Fiscal Deficits: Analytical and Methodological Issues," Journal of Economic Literature, American Economic Association, vol. 29(4), pages 1644-78, December.
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Citations

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Cited by:
  1. Fabrizio Balassone & Daniele Franco & Stefania Zotteri, 2007. "The Reliability of EMU FIscal Indicators: Risks and Safeguards," Temi di discussione (Economic working papers), Bank of Italy, Economic Research and International Relations Area 633, Bank of Italy, Economic Research and International Relations Area.
  2. Vito Tanzi, 2006. "Fiscal Policy: When Theory Collides with Reality," IDB Publications 9110, Inter-American Development Bank.
  3. Marco Buti & Jo�o Nogueira Martins & Alessandro Turrini, 2007. "From Deficits to Debt and Back: Political Incentives under Numerical Fiscal Rules," CESifo Economic Studies, CESifo, CESifo, vol. 53(1), pages 115-152, March.
  4. von Hagen, Jürgen & Wolff, Guntram B., 2004. "What do deficits tell us about debt? Empirical evidence on creative accounting with fiscal rules in the EU," Discussion Paper Series 1: Economic Studies 2004,38, Deutsche Bundesbank, Research Centre.
  5. Marco Buti, 2006. "Will the new stability and growth pact succeed? An economic and political perspective," European Economy - Economic Papers, Directorate General Economic and Monetary Affairs (DG ECFIN), European Commission 241, Directorate General Economic and Monetary Affairs (DG ECFIN), European Commission.
  6. Roel Beetsma & Benjamin Bluhm & Massimo Giuliodori & Peter Wierts, 2011. "From First-Release to Ex-Post Fiscal Data: Exploring the Sources of Revision Errors in the EU," Tinbergen Institute Discussion Papers 11-080/2, Tinbergen Institute.
  7. Roel Beetsma & Benjamin Bluhm & Massimo Giuliodori & Peter Wierts, 2011. "From First-Release to Ex-Post Fiscal Data: Exploring the Sources of Revision Errors in the EU," Tinbergen Institute Discussion Papers 11-080/2, Tinbergen Institute.
  8. Lu�s Gordo Mora & Jo�o Nogueira Martins, 2007. "How reliable are the statistics for the Stability and Growth Pact?," European Economy - Economic Papers, Directorate General Economic and Monetary Affairs (DG ECFIN), European Commission 273, Directorate General Economic and Monetary Affairs (DG ECFIN), European Commission.
  9. Martin Larch & Jo�o Nogueira Martins, 2007. "Fiscal indicators - Proceedings of the the Directorate-General for Economic and Financial Affairs Workshop held on 22 September 2006 in Brussels," European Economy - Economic Papers, Directorate General Economic and Monetary Affairs (DG ECFIN), European Commission 297, Directorate General Economic and Monetary Affairs (DG ECFIN), European Commission.

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