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Fiscal rules for sub-national governments: what lessons from EMU countries?

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  • Balassone, Fabrizio
  • Franco, Daniele
  • Zotteri, Stefania

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  • Balassone, Fabrizio & Franco, Daniele & Zotteri, Stefania, 2003. "Fiscal rules for sub-national governments: what lessons from EMU countries?," Sede de la CEPAL en Santiago (Estudios e Investigaciones) 34926, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).
  • Handle: RePEc:ecr:col093:34926
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    File URL: http://repositorio.cepal.org/handle/11362/34926
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    References listed on IDEAS

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    1. Fabrizio Balassone & Daniela Monacelli, 2000. "EMU fiscal rules: Is there a gap?," Temi di discussione (Economic working papers) 375, Bank of Italy, Economic Research and International Relations Area.
    2. Barry Eichengreen & Charles Wyplosz, 1998. "The Stability Pact: more than a minor nuisance?," Economic Policy, CEPR;CES;MSH, vol. 13(26), pages 65-113, April.
    3. Luis Gordo & Pablo Hernández de Cos, 2000. "The Financing Arrangements for the Regional (Autonomous) Governments for the Period 1997-2001," Working Papers 0003, Banco de España;Working Papers Homepage.
    4. Giovanna Messina, 2001. "Decentramento fiscale e perequazione regionale. Efficienza e redistribuzione nel nuovo sistema di finanziamento delle regioni a statuto ordinario," Temi di discussione (Economic working papers) 416, Bank of Italy, Economic Research and International Relations Area.
    5. George Kopits & Steven A. Symansky, 1998. "Fiscal Policy Rules," IMF Occasional Papers 162, International Monetary Fund.
    6. Marco BUTI & Daniele FRANCO & Hedwig ONGENA, 1997. "Budgeetary Policies during Recessions : Retrospective Application of the Stability and Growth Pact” to the Post-War Period," Discussion Papers (REL - Recherches Economiques de Louvain) 1997041, Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES).
    7. Thomas Dalsgaard & Alain de Serres, 1999. "Estimating Prudent Budgetary Margins for 11 EU Countries: A Simulated SVAR Model Approach," OECD Economics Department Working Papers 216, OECD Publishing.
    8. Fabrizio Balassone & Daniele Franco, 2004. "EMU fiscal rules: new answers to old questions?," Chapters,in: Changing Institutions in the European Union, chapter 1 Edward Elgar Publishing.
    9. Eichengreen, Barry & Portes, Richard, 1986. "Debt and default in the 1930s : Causes and consequences," European Economic Review, Elsevier, vol. 30(3), pages 599-640, June.
    10. Homi Kharas, 1984. "The Long-Run Creditworthiness of Developing Countries: Theory and Practice," The Quarterly Journal of Economics, Oxford University Press, vol. 99(3), pages 415-439.
    11. Alessandra Casella, 1999. "Tradable deficit permits:efficient implementation of the Stability Pact in the European Monetary Union," Economic Policy, CEPR;CES;MSH, vol. 14(29), pages 321-362, October.
    12. Baumol,William J. & Oates,Wallace E., 1988. "The Theory of Environmental Policy," Cambridge Books, Cambridge University Press, number 9780521322249.
    13. Michael Artis & Bernhard Winkler, 1998. "The Stability Pact: Safeguarding the Credibility of the European Central Bank," National Institute Economic Review, National Institute of Economic and Social Research, vol. 163(1), pages 87-98, January.
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    Cited by:

    1. Jonathan Rodden & Erik Wibbels, 2010. "Fiscal Decentralization And The Business Cycle: An Empirical Study Of Seven Federations," Economics and Politics, Wiley Blackwell, vol. 22(1), pages 37-67, March.
    2. Jürgen von Hagen, 2006. "Un conseil de stabilité pour assurer la soutenabilité budgétaire en UEM," Économie et Prévision, Programme National Persée, vol. 173(2), pages 7-25.
    3. International Monetary Fund, 2005. "Italy; Selected Issues," IMF Staff Country Reports 05/41, International Monetary Fund.
    4. Veronica Grembi & Tommaso Nannicini & Ugo Troiano, 2011. "Policy Responses to Fiscal Restraints: A Difference-in-Discontinuities Design," Working Papers 397, IGIER (Innocenzo Gasparini Institute for Economic Research), Bocconi University.
    5. Vigvári, András, 2009. "Atipikus önkormányzati eladósodás Magyarországon
      [Atypical local-government indebtedness in Hungary]
      ," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(7), pages 709-730.

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