This paper has been announced in the following NEP Reports:

• NEP-ALL-2003-03-14 (All new papers)
• NEP-MAC-2003-03-14 (Macroeconomics)
• NEP-PKE-2003-03-14 (Post Keynesian Economics)

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2. Walsh, Carl E, 1995. "Optimal Contracts for Central Bankers," American Economic Review, American Economic Association, vol. 85(1), pages 150-67, March. [Downloadable!] (restricted)
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1. Ashoka Mody & Stefania Fabrizio, 2006. "Can Budget Institutions Counteract Political Indiscipline?," IMF Working Papers 06/123, International Monetary Fund. [Downloadable!]
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   • Stefania Fabrizio & Ashoka Mody, 2006. "Can budget institutions counteract political indiscipline?," Economic Policy, CEPR, CES, MSH, vol. 21(48), pages 689-739, October. [Downloadable!] (restricted)
2. Richard Morris & Hedwig Ongena & Ludger Schuknecht, 2006. "The reform and implementation of the Stability and Growth Pact," Occasional Paper Series 47, European Central Bank. [Downloadable!]
3. Alessandro Girardi & Paolo Paesani, 2008. "Structural Reforms and Fiscal Discipline in Europe," Transition Studies Review, Springer, vol. 15(2), pages 389-402, September. [Downloadable!] (restricted)
4. Buti, Marco & Eijffinger, Sylvester & Franco, Daniele, 2005. "The stability pact pains : a forward-looking assessment of the reform debate," Discussion Paper 101, Tilburg University, Center for Economic Research. [Downloadable!]
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   • Buti, Marco & Eijffinger, Sylvester C W & Franco, Daniele, 2005. "The Stability Pact Pains: A Forward-Looking Assessment of the Reform Debate," CEPR Discussion Papers 5216, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
5. Peter Claeys, 2005. "Policy mix and debt sustainability: evidence from fiscal policy rules," Economics Working Papers ECO2005/01, European University Institute. [Downloadable!]
   Other versions:
   • Peter Claeys, 2005. "Policy Mix and Debt Sustainability: Evidence from Fiscal Policy Rules," CESifo Working Paper Series CESifo Working Paper No. , CESifo Group Munich. [Downloadable!]
   • Peter Claeys, 2006. "Policy mix and debt sustainability: evidence from fiscal policy rules," Empirica, Springer, vol. 33(2), pages 89-112, June. [Downloadable!] (restricted)
6. Gábor Orbán & György Szapáry, 2004. "The Stability and Growth Pact from the Perspective Of the New Member States," William Davidson Institute Working Papers Series 2004-709, William Davidson Institute at the University of Michigan Stephen M. Ross Business School. [Downloadable!]
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   • Gábor Orbán & György Szapáry, 2004. "The Stability and Growth Pact from the Perspective of the New Member States," MNB Working Papers 2004/4, Magyar Nemzeti Bank (The Central Bank of Hungary). [Downloadable!]
   • Orban, Gabor & Szapary, Gyorgy, 2004. "The Stability and Growth Pact from the perspective of the new member states," Journal of Policy Modeling, Elsevier, vol. 26(7), pages 839-864, October. [Downloadable!] (restricted)
7. Mihailov, Alexander & Ullrich, Katrin, 2007. "Independence and Accountability of Monetary and Fiscal Policy Committees," ZEW Discussion Papers 07-044, ZEW - Zentrum für Europäische Wirtschaftsforschung / Center for European Economic Research. [Downloadable!]
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   • Alexander Mihailov & Katrin Ullrich, 2008. "Independence and Accountability of Monetary and Fiscal Policy Committees," Economics & Management Discussion Papers em-dp2008-72, Henley Business School, Reading University. [Downloadable!]
8. P R Agénor & D Yilmaz, 2006. "The Tyranny of Rules: Fiscal Discipline, Productive Spending, and Growth," Centre for Growth and Business Cycle Research Discussion Paper Series 73, Economics, The Univeristy of Manchester. [Downloadable!]
9. Krogstrup, Signe & Wyplosz, Charles, 2006. "A Common Pool Theory of Deficit Bias Correction," CEPR Discussion Papers 5866, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
10. Buiter, Willem H, 2006. "How Robust is the New Conventional Wisdom? The Surprising Fragility of the Theoretical Foundations of Inflation Targeting and Central Bank Independence," CEPR Discussion Papers 5772, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
11. Felicity C Barker & Robert A Buckle & Robert W St Clair, 2008. "Roles of Fiscal Policy in New Zealand," Treasury Working Paper Series 08/02, New Zealand Treasury. [Downloadable!]
12. George Kopits, 2007. "Fiscal Responsibility Framework: International Experience and Implications for Hungary," MNB Occasional Papers 2007/62, Magyar Nemzeti Bank (The Central Bank of Hungary). [Downloadable!]
13. Campbell Leith & Simon Wren-lewis, 2006. "Fiscal Stabilisation Policy and Fiscal Institutions," WEF Working Papers 0007, ESRC World Economy and Finance Research Programme, Birkbeck, University of London. [Downloadable!]
    Other versions:
    • Campbell Leith & Simon Wren-Lewis, 2005. "Fiscal Stabilization Policy and Fiscal Institutions," Oxford Review of Economic Policy, Oxford University Press, vol. 21(4), pages 584-597, Winter.
14. Canale, R.R., 2008. "Central bank reaction to public deficit and sound public finance: the case of the European Monetary Union," MPRA Paper 8789, University Library of Munich, Germany. [Downloadable!]
15. Wolff, Guntram B, 2007. "Schuldenanstieg und Haftungsausschluss im deutschen Föderalstaat: Zur Rolle des Moral Hazard
    [Increasing debt and potential bail-out clauses in the German federation: on the role of moral hazard]," MPRA Paper 11248, University Library of Munich, Germany. [Downloadable!]
16. Anthony Annett, 2006. "Enforcement and the Stability and Growth Pact: How Fiscal Policy Did and Did Not Change Under Europe's Fiscal Framework," IMF Working Papers 06/116, International Monetary Fund. [Downloadable!]
17. Xavier Debrun & Manmohan S. Kumar, 2007. "The Discipline-Enhancing Role of Fiscal Institutions: Theory and Empirical Evidence," IMF Working Papers 07/171, International Monetary Fund. [Downloadable!]
18. Ondřej Schneider & Petr Hedbávný & Jan Zápal, 2007. "A Fiscal Rule that Has Teeth: A Suggestion for a “Fiscal Sustainability Council” Underpinned by the Financial Markets," AUCO Czech Economic Review, Charles University Prague, Faculty of Social Sciences, Institute of Economic Studies, vol. 1(1), pages 32-53, March. [Downloadable!]
    Other versions:
    • Petr Hedbávný & Ondřej Schneider & Jan Zápal, 2005. "A Fiscal Rule That Has Teeth: A Suggestion for a "Fiscal Sustainability Council" Underpinned by the Financial Markets," Working Papers IES 79, Charles University Prague, Faculty of Social Sciences, Institute of Economic Studies, revised 2005. [Downloadable!]
    • Petr Hedbávný & Ondrej Schneider & Jan Zápal, 2005. "A Fiscal Rule that has Teeth: A Suggestion for a Fiscal Sustainability Council underpinned by the Financial Markets," CESifo Working Paper Series CESifo Working Paper No. , CESifo Group Munich. [Downloadable!]
19. Frits Bos, 2007. "The Dutch fiscal framework; history, current practice and the role of the CPB," CPB Documents 150, CPB Netherlands Bureau for Economic Policy Analysis. [Downloadable!]
20. Canale, Rosaria Rita, 2006. "Positive effects of fiscal expansions on growth and debt," MPRA Paper 1432, University Library of Munich, Germany, revised Nov 2006. [Downloadable!]