Do governments stick to their announced fiscal rules? A study of Latin American and the Caribbean countries
Author
Abstract
Suggested Citation
DOI: 10.1016/j.jge.2023.100058
Note: View the original document on HAL open archive server: https://amu.hal.science/hal-03994711
Download full text from publisher
Other versions of this item:
- Carolina Ulloa-Suarez & Oscar Valencia, 2022. "Do governments stick to their announced fiscal rules? A study of Latin American and the Caribbean countries," SciencePo Working papers Main hal-03994711, HAL.
References listed on IDEAS
- Jeffrey Frankel & Jesse Schreger, 2013.
"Over-optimistic official forecasts and fiscal rules in the eurozone,"
Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 149(2), pages 247-272, June.
- Jeffrey Frankel & Jesse Schreger, "undated". "Over-optimistic official forecasts and fiscal rules in the eurozone," Working Paper 83166, Harvard University OpenScholar.
- Jeffrey Frankel & Jesse Schreger, "undated". "Over-optimistic official forecasts and fiscal rules in the eurozone," Working Paper 83126, Harvard University OpenScholar.
- Frankel, Jeffrey A. & Schreger, Jesse M, 2013. "Over-optimistic Official Forecasts and Fiscal Rules in the Eurozone," Scholarly Articles 9804488, Harvard Kennedy School of Government.
- Blume, Lorenz & Voigt, Stefan, 2013. "The economic effects of constitutional budget institutions," European Journal of Political Economy, Elsevier, vol. 29(C), pages 236-251.
- Mendoza Bellido, Waldo & Vega, Marco & Rojas, Carlos I. & Anastacio, Yuliño, 2021. "Fiscal Rules and Public Investment: The Case of Peru, 2000-2019," IDB Publications (Working Papers) 11010, Inter-American Development Bank.
- Luc Eyraud & Xavier Debrun & Andrew Hodge & Victor Duarte Lledo & Catherine A Pattillo, 2018. "Second-Generation Fiscal Rules; Balancing Simplicity, Flexibility, and Enforceability," IMF Staff Discussion Notes 18/04, International Monetary Fund.
- Bonomo, Marco & Frischtak, Claudio & Ribeiro, Paulo, 2021. "Public Investment and Fiscal Crisis in Brazil: Finding Culprits and Solutions," IDB Publications (Working Papers) 11169, Inter-American Development Bank.
- Sacchi, Agnese & Salotti, Simone, 2015.
"The impact of national fiscal rules on the stabilisation function of fiscal policy,"
European Journal of Political Economy, Elsevier, vol. 37(C), pages 1-20.
- Sacchi, Agnese & Salotti, Simone, 2014. "The impact of national fiscal rules on the stabilisation function of fiscal policy," MPRA Paper 56982, University Library of Munich, Germany.
- Fernando Blanco & Pablo Saavedra & Friederike Koehler-Geib & Emilia Skrok, 2020. "Fiscal Rules and Economic Size in Latin America and the Caribbean," World Bank Publications - Books, The World Bank Group, number 34417, December.
- Reuter, Wolf Heinrich, 2015. "National numerical fiscal rules: Not complied with, but still effective?," European Journal of Political Economy, Elsevier, vol. 39(C), pages 67-81.
- Ludger Linnemann & Andreas Schabert, 2012. "Fiscal Rules, Interest Payments on Debt, and the Irrelevance of the Taylor Principle," Scottish Journal of Political Economy, Scottish Economic Society, vol. 59(3), pages 250-265, July.
- Mr. Luc Eyraud & Mr. Xavier Debrun & Andrew Hodge & Victor Duarte Lledo & Ms. Catherine A Pattillo, 2018. "Second-Generation Fiscal Rules: Balancing Simplicity, Flexibility, and Enforceability," IMF Staff Discussion Notes 2018/004, International Monetary Fund.
- Artana, Daniel & Moskovits, Cynthia & Puig, Jorge & Templado, Ivana, 2021. "Fiscal Rules and the Behavior of Public Investment in Latin America and the Caribbean: Towards Growth-Friendly Fiscal Policy?: The case of Argentina," IDB Publications (Working Papers) 11049, Inter-American Development Bank.
- Olivier Blanchard & Alvaro Leandro & Jeromin Zettelmeyer, 2021.
"Redesigning EU fiscal rules: from rules to standards,"
Economic Policy, CEPR, CESifo, Sciences Po;CES;MSH, vol. 36(106), pages 195-236.
- Olivier J Blanchard & Alvaro Leandro & Jeromin Zettelmeyer, 2021. "Redesigning EU fiscal rules: From rules to standards," Working Paper Series WP21-1, Peterson Institute for International Economics.
- Till Cordes & Mr. Tidiane Kinda & Ms. Priscilla S Muthoora & Miss Anke Weber, 2015. "Expenditure Rules: Effective Tools for Sound Fiscal Policy?," IMF Working Papers 2015/029, International Monetary Fund.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Ardanaz, Martín & Ulloa-Suarez, Carolina & Valencia, Oscar, 2023. "Why Don't We Follow the Rules? Drivers of Compliance with Fiscal Policy Rules in Emerging Markets," IDB Publications (Working Papers) 13110, Inter-American Development Bank.
- Ulloa-Suárez, Carolina, 2023. "Determinants of compliance with fiscal rules: Misplaced efforts or hidden motivations?," European Journal of Political Economy, Elsevier, vol. 78(C).
- Jocelyne Zoumenou, 2023. "On the impact of fiscal policy on inflation: The case of fiscal rules," EconomiX Working Papers 2023-21, University of Paris Nanterre, EconomiX.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Valencia, Oscar & Ulloa-Suarez, Carolina, 2022. "Numerical Compliance with Fiscal Rules in Latin America and the Caribbean," IDB Publications (Working Papers) 12405, Inter-American Development Bank.
- Ardanaz, Martín & Ulloa-Suarez, Carolina & Valencia, Oscar, 2023. "Why Don't We Follow the Rules? Drivers of Compliance with Fiscal Policy Rules in Emerging Markets," IDB Publications (Working Papers) 13110, Inter-American Development Bank.
- Reuter, Wolf Heinrich, 2019.
"When and why do countries break their national fiscal rules?,"
European Journal of Political Economy, Elsevier, vol. 57(C), pages 125-141.
- Reuter, Wolf Heinrich, 2017. "When and why do countries break their national fiscal rules?," Working Papers 01/2017, German Council of Economic Experts / Sachverständigenrat zur Begutachtung der gesamtwirtschaftlichen Entwicklung.
- Niklas Potrafke, 2023. "The Economic Consequences of Fiscal Rules," CESifo Working Paper Series 10765, CESifo.
- Julia del Amo Valor & Marcos Martín Mateos & Diego Martínez López & Javier J. Pérez, 2023. "Is the European economic governance framework too “complex”? A critical discussion," Working Papers 2023-06, FEDEA.
- Carranza-Ugarte, Luis & Díaz-Saavedra, Julián & Galdon-Sanchez, Jose Enrique, 2023.
"Rethinking fiscal rules,"
Journal of Comparative Economics, Elsevier, vol. 51(3), pages 833-857.
- Luis Carranza Ugarte & Julian Diaz Saavedra & Jose Enrique Galdon-Sanchez, 2021. "Rethinking fiscal rules," ThE Papers 21/14, Department of Economic Theory and Economic History of the University of Granada..
- Ryota Nakatani, 2021.
"Fiscal Rules for Natural Disaster- and Climate Change-Prone Small States,"
Sustainability, MDPI, vol. 13(6), pages 1-26, March.
- Nakatani, Ryota, 2021. "Fiscal Rules for Natural Disaster- and Climate Change-Prone Small States," MPRA Paper 106020, University Library of Munich, Germany.
- Carolina Ulloa-Suárez, 2022. "Determinants of compliance with fiscal rules: misplaced efforts or hidden motivations?," AMSE Working Papers 2220, Aix-Marseille School of Economics, France.
- Amélie Barbier-Gauchard & Kea Baret & Alexandru Minea, 2021.
"National fiscal rules and fiscal discipline in the European Union,"
Applied Economics, Taylor & Francis Journals, vol. 53(20), pages 2337-2359, April.
- Amelie Barbier-Gauchard & Kea Baret & Alexandru Minea, 2020. "National Fiscal Rules and Fiscal Discipline in the European Union," Working Papers hal-02992219, HAL.
- Amélie Barbier-Gauchard & Kea Baret & Alexandru Minea, 2021. "National fiscal rules and fiscal discipline in the European Union," Post-Print hal-03160610, HAL.
- Cezara Vinturis, 2019. "A multi-speed fiscal Europe? Fiscal Rules and Fiscal Performance in the EU Former Communist Countries," Working Papers hal-03097483, HAL.
- Ulloa-Suárez, Carolina, 2023. "Determinants of compliance with fiscal rules: Misplaced efforts or hidden motivations?," European Journal of Political Economy, Elsevier, vol. 78(C).
- Burret, Heiko T. & Feld, Lars P., 2018. "(Un-)intended effects of fiscal rules," European Journal of Political Economy, Elsevier, vol. 52(C), pages 166-191.
- Kea BARET, 2021. "Fiscal rules’ compliance and Social Welfare," Working Papers of BETA 2021-38, Bureau d'Economie Théorique et Appliquée, UDS, Strasbourg.
- Carolina Ulloa-Suárez, 2022. "Determinants of compliance with fiscal rules: misplaced efforts or hidden motivations?," Working Papers hal-03788589, HAL.
- Brändle, Thomas & Elsener, Marc, 2023. "Do fiscal rules matter? A survey on recent evidence," Working papers 2023/07, Faculty of Business and Economics - University of Basel.
- Mihaela Onofrei & Tudorel Toader & Anca Florentina Vatamanu & Florin Oprea, 2021. "Impact of Governments’ Fiscal Behaviors on Public Finance Sustainability: A Comparative Study," Sustainability, MDPI, vol. 13(7), pages 1-16, March.
- Mario Alloza & Javier Andrés & Pablo Burriel & Iván Kataryniuk & Javier J. Pérez & Juan Luis Vega, 2021. "La reforma del marco de gobernanza de la política fiscal de la Unión Europea en un nuevo entorno macroeconómico," Occasional Papers 2121, Banco de España.
- Amelie BARBIER-GAUCHARD & Kea BARET & Alexandru MINEA, 2019. "National Fiscal Rules Adoption and Fiscal Discipline in the European Union," Working Papers of BETA 2019-40, Bureau d'Economie Théorique et Appliquée, UDS, Strasbourg.
- Juan Carlos Hatchondo & Leonardo Martinez & Francisco Roch, 2022. "Numerical Fiscal Rules for Economic Unions: the Role of Sovereign Spreads," Working Papers 147, Red Nacional de Investigadores en Economía (RedNIE).
- Larch, Martin & Orseau, Eloïse & van der Wielen, Wouter, 2021.
"Do EU fiscal rules support or hinder counter-cyclical fiscal policy?,"
Journal of International Money and Finance, Elsevier, vol. 112(C).
- Martin Larch & Eloise Orseau & Wouter Van Der Wielen, 2020. "Do EU Fiscal Rules Support or Hinder Counter-Cyclical Fiscal Policy?," JRC Working Papers on Taxation & Structural Reforms 2020-01, Joint Research Centre.
- Martin Larch & Eloïse Orseau & Wouter van der Wielen, 2020. "Do EU Fiscal Rules Support or Hinder Counter-Cyclical Fiscal Policy?," CESifo Working Paper Series 8659, CESifo.
More about this item
Keywords
Compliance; Fiscal policy; Latin America and the Caribbean National numerical fiscal rules;All these keywords.
NEP fields
This paper has been announced in the following NEP Reports:- NEP-LAM-2023-04-03 (Central and South America)
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:hal:journl:hal-03994711. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: CCSD (email available below). General contact details of provider: https://hal.archives-ouvertes.fr/ .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.