The role of fiscal rules and institutions in shaping budgetary outcomes
AbstractThe Workshop "The role of fiscal rules and institutions in shaping budgetary outcomes" organized by the Directorate-General for Economic and Financial affairs of the European Commission on 24 November 2006 in Brussels aimed at enriching the debate on the fiscal arrangements and improving the understanding of their functioning. This Economic Paper contains all the paper presented in this event that was organised in four sessions. A first set of papers mainly focus on the impact of numerical fiscal rules on budgetary outturns. Other paper deal primarily with the appropriate design of fiscal rules and institutions. An additional group of papers addresses the relationship between the fiscal governance approach adopted by the EU Member States and their institutional and political frameworks. Finally the remaining presentations relate more directly to policy experiences.Â
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Bibliographic InfoPaper provided by Directorate General Economic and Monetary Affairs (DG ECFIN), European Commission in its series European Economy - Economic Papers with number 275.
Length: 366 pages
Date of creation: Apr 2007
Date of revision:
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fiscal rules; budget; institutions.;
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- Friedrich Heinemann, 2006.
"Planning or Propaganda? An Evaluation of Germany's Medium-term Budgetary Planning,"
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- Milesi-Ferretti, Gian Maria & Moriyama, Kenji, 2006.
"Fiscal adjustment in EU countries: A balance sheet approach,"
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Elsevier, vol. 30(12), pages 3281-3298, December.
- Kenji Moriyama & Gian-Maria Milesi-Ferretti, 2004. "Fiscal Adjustment in EU Countries: A Balance Sheet Approach," IMF Working Papers 04/143, International Monetary Fund.
- Lars Jonung & Martin Larch, 2006.
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- Lars Jonung & Martin Larch, 2004. "Improving fiscal policy in the EU: the case for independent forecasts," European Economy - Economic Papers 210, Directorate General Economic and Monetary Affairs (DG ECFIN), European Commission.
- Martin Larch & Matteo Salto, 2003.
"Fiscal rules, inertia and discretionary fiscal policy,"
European Economy - Economic Papers
194, Directorate General Economic and Monetary Affairs (DG ECFIN), European Commission.
- Martin Larch & Matteo Salto, 2005. "Fiscal rules, inertia and discretionary fiscal policy," Applied Economics, Taylor & Francis Journals, vol. 37(10), pages 1135-1146.
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