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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- Heinemann, Friedrich, 2005.
"Planning or propaganda? An evaluation of Germany's medium-term budgetary planning,"
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- Rolf Strauch & Mark Hallerberg & Jürgen von Hagen, 2004.
"Budgetary forecasts in Europe - the track record of stability and convergence programmes,"
Working Paper Series
307, European Central Bank.
- 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.
- Kenji Moriyama & Gian-Maria Milesi-Ferretti, 2004.
"Fiscal Adjustment in EU Countries: A Balance Sheet Approach,"
IMF Working Papers
04/143, International Monetary Fund.
- Milesi-Ferretti, Gian Maria & Moriyama, Kenji, 2006. "Fiscal adjustment in EU countries: A balance sheet approach," Journal of Banking & Finance, Elsevier, vol. 30(12), pages 3281-3298, December.
- 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 and Francis Journals, vol. 37(10), pages 1135-1146.
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