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Fiscal Rules

In: Public Net Worth

Author

Listed:
  • Ian Ball
  • Willem Buiter
  • John Crompton
  • Dag Detter
  • Jacob Soll

Abstract

Fiscal rules, designed to act as a constraint on fiscal decision-making, have been increasingly adopted by national governments over recent decades. They do, however, receive mixed reviews as to their effectiveness. Mostly, they focus on debt and deficit, though some countries also look at other measures such as spending or revenue levels. This chapter looks briefly at the European Union and the UK cases, as well as continuing the New Zealand example. Consistent with the arguments in this book, the chapter also considers using net worth as the basis for a fiscal rule.

Suggested Citation

  • Ian Ball & Willem Buiter & John Crompton & Dag Detter & Jacob Soll, 2024. "Fiscal Rules," Springer Books, in: Public Net Worth, chapter 11, pages 151-161, Springer.
    • Handle: RePEc:spr:sprchp:978-3-031-44343-5_11
    DOI: 10.1007/978-3-031-44343-5_11
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