The role of fiscal rules and institutions in shaping budgetary outcomes
The 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
|Date of creation:||Apr 2007|
|Date of revision:|
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- Martin Larch & Matteo Salto, 2005.
"Fiscal rules, inertia and discretionary fiscal policy,"
Taylor & Francis Journals, vol. 37(10), pages 1135-1146.
- Martin Larch & Matteo Salto, 2003. "Fiscal rules, inertia and discretionary fiscal policy," European Economy - Economic Papers 2008 - 2015 194, Directorate General Economic and Financial Affairs (DG ECFIN), European Commission.
- Strauch, Rolf & Hallerberg, Mark & von Hagen, Jürgen, 2004.
"Budgetary forecasts in Europe - the track record of stability and convergence programmes,"
Working Paper Series
0307, 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.
- Heinemann, Friedrich, 2005.
"Planning or propaganda? An evaluation of Germany's medium-term budgetary planning,"
ZEW Discussion Papers
05-12, ZEW - Zentrum für Europäische Wirtschaftsforschung / Center for European Economic Research.
- Friedrich Heinemann, 2006. "Planning or Propaganda? An Evaluation of Germany's Medium-term Budgetary Planning," FinanzArchiv: Public Finance Analysis, Mohr Siebeck, Tübingen, vol. 62(4), pages 551-578, December.
- 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.
- Kenji Moriyama & Gian Milesi-Ferretti, 2004. "Fiscal Adjustment in EU Countries; A Balance Sheet Approach," IMF Working Papers 04/143, International Monetary Fund.
- Lars Jonung & Martin Larch, 2004.
"Improving fiscal policy in the EU: the case for independent forecasts,"
European Economy - Economic Papers 2008 - 2015
210, Directorate General Economic and Financial Affairs (DG ECFIN), European Commission.
- Lars Jonung & Martin Larch, 2006. "Improving fiscal policy in the EU: the case for independent forecasts," Economic Policy, CEPR;CES;MSH, vol. 21(47), pages 491-534, 07.
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