Fiscal Rules and Economic Cycles: Quality (Always) Matters
Author
Abstract
Suggested Citation
DOI: http://dx.doi.org/10.18235/0004570
Download full text from publisher
Other versions of this item:
- Andrián, Leandro & Hirs-Garzon, Jorge & Urrea, Ivan Leonardo & Valencia, Oscar, 2024. "Fiscal rules and economic cycles: Quality (always) Matters," European Journal of Political Economy, Elsevier, vol. 85(C).
References listed on IDEAS
- Marina Halac & Pierre Yared, 2022.
"Fiscal Rules and Discretion Under Limited Enforcement,"
Econometrica, Econometric Society, vol. 90(5), pages 2093-2127, September.
- Halac, Marina & Yared, Pierre, 2019. "Fiscal Rules and Discretion under Limited Enforcement," CEPR Discussion Papers 14218, C.E.P.R. Discussion Papers.
- Marina Halac & Pierre Yared, 2019. "Fiscal Rules and Discretion under Limited Enforcement," NBER Working Papers 25463, National Bureau of Economic Research, Inc.
- Peter C. B. Phillips & Zhentao Shi, 2021.
"Boosting: Why You Can Use The Hp Filter,"
International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 62(2), pages 521-570, May.
- Peter C.B. Phillips & Zhentao Shi, 2019. "Boosting: Why you Can Use the HP Filter," Cowles Foundation Discussion Papers 2212, Cowles Foundation for Research in Economics, Yale University.
- Peter C. B. Phillips & Zhentao Shi, 2019. "Boosting: Why You Can Use the HP Filter," Papers 1905.00175, arXiv.org, revised Nov 2020.
- Charles Wyplosz, 2012.
"Fiscal Rules: Theoretical Issues and Historical Experiences,"
NBER Chapters, in: Fiscal Policy after the Financial Crisis, pages 495-525,
National Bureau of Economic Research, Inc.
- Charles Wyplosz, 2012. "Fiscal Rules: Theoretical Issues and Historical Experiences," NBER Working Papers 17884, National Bureau of Economic Research, Inc.
- 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 & Eloïse Orseau & Wouter van der Wielen, 2020. "Do EU Fiscal Rules Support or Hinder Counter-Cyclical Fiscal Policy?," CESifo Working Paper Series 8659, CESifo.
- 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.
- María Angélica Arbeláez & Miguel Benítez & Roberto Steiner & Oscar Valencia, 2021.
"A fiscal rule to achieve debt sustainability in Colombia,"
Coyuntura Económica, Fedesarrollo, vol. 51, pages 13-35, December.
- Arbeláez, María Angélica & Benítez, Miguel & Steiner, Roberto & Valencia, Oscar, 2021. "A Fiscal Rule to Achieve Debt Sustainability in Colombia," IDB Publications (Working Papers) 11040, Inter-American Development Bank.
- María Angélica Arbeláez & Miguel Benítez & Roberto Steiner & Oscar Valencia, 2021. "A Fiscal Rule to achieve debt sustainability in Colombia," Informes de Investigación 18557, Fedesarrollo.
- Azzimonti, Marina & Battaglini, Marco & Coate, Stephen, 2016.
"The costs and benefits of balanced budget rules: Lessons from a political economy model of fiscal policy,"
Journal of Public Economics, Elsevier, vol. 136(C), pages 45-61.
- Marina Azzimonti & Marco Battaglini & Stephen Coate, 2015. "The Costs and Benefits of Balanced Budget Rules: Lessons from a Political Economy Model of Fiscal Policy," Department of Economics Working Papers 15-03, Stony Brook University, Department of Economics.
- Marianne Baxter & Robert G. King, 1999.
"Measuring Business Cycles: Approximate Band-Pass Filters For Economic Time Series,"
The Review of Economics and Statistics, MIT Press, vol. 81(4), pages 575-593, November.
- Marianne Baxter & Robert G. King, 1995. "Measuring Business Cycles Approximate Band-Pass Filters for Economic Time Series," NBER Working Papers 5022, National Bureau of Economic Research, Inc.
- Tom Doan, "undated". "BKFILTER: RATS procedure to implement band pass filter using Baxter-King method," Statistical Software Components RTS00026, Boston College Department of Economics.
- Eduardo Borensztein & Ugo Panizza, 2009.
"The Costs of Sovereign Default,"
IMF Staff Papers, Palgrave Macmillan, vol. 56(4), pages 683-741, November.
- Mr. Eduardo Borensztein & Ugo Panizza, 2008. "The Costs of Sovereign Default," IMF Working Papers 2008/238, International Monetary Fund.
- Shanna Rose, 2006. "Do fiscal rules dampen the political business cycle?," Public Choice, Springer, vol. 128(3), pages 407-431, September.
- 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.
- Heinemann, Friedrich & Moessinger, Marc-Daniel & Yeter, Mustafa, 2018.
"Do fiscal rules constrain fiscal policy? A meta-regression-analysis,"
European Journal of Political Economy, Elsevier, vol. 51(C), pages 69-92.
- Heinemann, Friedrich & Moessinger, Marc-Daniel & Yeter, Mustafa, 2015. "Do Fiscal Rules Constrain Fiscal Policy? A Meta-Regression-Analysis," VfS Annual Conference 2015 (Muenster): Economic Development - Theory and Policy 112800, Verein für Socialpolitik / German Economic Association.
- Heinemann, Friedrich & Moessinger, Marc-Daniel & Yeter, Mustafa, 2016. "Do fiscal rules constrain fiscal policy? A meta-regression-analysis," ZEW Discussion Papers 16-027, ZEW - Leibniz Centre for European Economic Research.
- Mrs. Nina Budina & Ms. Andrea Schaechter & Miss Anke Weber & Mr. Tidiane Kinda, 2012. "Fiscal Rules in Response to the Crisis: Toward the "Next-Generation" Rules: A New Dataset," IMF Working Papers 2012/187, International Monetary Fund.
- Torsten Persson & Lars E. O. Svensson, 1989. "Why a Stubborn Conservative would Run a Deficit: Policy with Time-Inconsistent Preferences," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 104(2), pages 325-345.
- Benjamin Hébert & Jesse Schreger, 2017.
"The Costs of Sovereign Default: Evidence from Argentina,"
American Economic Review, American Economic Association, vol. 107(10), pages 3119-3145, October.
- Benjamin Hébert & Jesse Schreger, 2014. "The Costs of Sovereign Default: Evidence from Argentina," Working Paper 223701, Harvard University OpenScholar.
- Benjamin Hébert & Jesse Schreger, 2016. "The Costs of Sovereign Default: Evidence from Argentina," NBER Working Papers 22270, National Bureau of Economic Research, Inc.
- Hebert, Benjamin & Schreger, Jesse, 2016. "The Costs of Sovereign Default: Evidence from Argentina," Research Papers 3456, Stanford University, Graduate School of Business.
- Jesse Schreger, 2015. "The Costs of Sovereign Default: Evidence from Argentina," 2015 Meeting Papers 240, Society for Economic Dynamics.
- Benjamin Hebert & Jesse Schreger, 2014. "The Costs of Sovereign Default: Evidence from Argentina," Working Paper 223706, Harvard University OpenScholar.
- Maurice Obstfeld, 2013.
"On Keeping Your Powder Dry: Fiscal Foundations of Financial and Price Stability,"
Monetary and Economic Studies, Institute for Monetary and Economic Studies, Bank of Japan, vol. 31, pages 25-38, November.
- Maurice Obstfeld, 2013. "On Keeping Your Powder Dry: Fiscal Foundations of Financial and Price Stability," IMES Discussion Paper Series 13-E-08, Institute for Monetary and Economic Studies, Bank of Japan.
- Obstfeld, Maurice, 2013. "On Keeping Your Powder Dry: Fiscal Foundations of Financial and Price Stability," CEPR Discussion Papers 9563, C.E.P.R. Discussion Papers.
- Heiko T. Burret & Lars P. Feld, 2018.
"Vertical effects of fiscal rules: the Swiss experience,"
International Tax and Public Finance, Springer;International Institute of Public Finance, vol. 25(3), pages 673-721, June.
- Heiko T. Burret & Lars P. Feld, 2014. "Vertical Effects of Fiscal Rules - The Swiss Experience," CESifo Working Paper Series 5043, CESifo.
- Burret, Heiko T. & Feld, Lars P., 2016. "Vertical effects of fiscal rules: The Swiss experience," Freiburg Discussion Papers on Constitutional Economics 16/01, Walter Eucken Institut e.V..
- Larch Martin & Malzubris Janis & Santacroce Stefano, 2023. "Numerical Compliance with EU Fiscal Rules: Facts and Figures from a New Database," Intereconomics: Review of European Economic Policy, Sciendo, vol. 58(1), pages 32-42, January.
- 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.
- Zheng Song & Kjetil Storesletten & Fabrizio Zilibotti, 2012.
"Rotten Parents and Disciplined Children: A Politico‐Economic Theory of Public Expenditure and Debt,"
Econometrica, Econometric Society, vol. 80(6), pages 2785-2803, November.
- Song, Zheng & Storesletten, Kjetil & Zilibotti, Fabrizio, 2007. "Rotten Parents and Disciplined Children: A Politico-Economic Theory of Public Expenditure and Debt," Memorandum 05/2008, Oslo University, Department of Economics.
- Zheng Song & Kjetil Storesletten & Fabrizio Zilibotti, 2007. "Rotten parents and disciplined children: a politico-economic theory of public expenditure and debt," IEW - Working Papers 325, Institute for Empirical Research in Economics - University of Zurich.
- Zilibotti, Fabrizio & Storesletten, Kjetil & Song, Zheng Michael, 2007. "Rotten Parents and Disciplined Children: A Politico-Economic Theory of Public Expenditure and Debt," CEPR Discussion Papers 6359, C.E.P.R. Discussion Papers.
- Zilibotti, Fabrizio & Storesletten, Kjetil & Song, Zheng Michael, 2012. "Rotten Parents and Disciplined Children: A Politico-Economic Theory of Public Expenditure and Debt," CEPR Discussion Papers 8738, C.E.P.R. Discussion Papers.
- Zheng Song & Kjetil Storesletten & Fabrizio Zilibotti, 2007. "Rotten Parents and Disciplined Children: A Politico-Economic Theory of Public Expenditure and Debt," 2007 Meeting Papers 685, Society for Economic Dynamics.
- Zheng Song, 2009. "Rotten Parents and Disciplined Children: A Politico-Economic Theory of Public Expenditure and Debt," 2009 Meeting Papers 94, Society for Economic Dynamics.
- Hodrick, Robert J & Prescott, Edward C, 1997.
"Postwar U.S. Business Cycles: An Empirical Investigation,"
Journal of Money, Credit and Banking, Blackwell Publishing, vol. 29(1), pages 1-16, February.
- Robert J. Hodrick & Edward Prescott, 1981. "Post-War U.S. Business Cycles: An Empirical Investigation," Discussion Papers 451, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
- Rogoff, Kenneth, 2020. "Falling real interest rates, rising debt: A free lunch?," Journal of Policy Modeling, Elsevier, vol. 42(4), pages 778-790.
- Pierre Yared, 2019.
"Rising Government Debt: Causes and Solutions for a Decades-Old Trend,"
Journal of Economic Perspectives, American Economic Association, vol. 33(2), pages 115-140, Spring.
- Pierre Yared, 2018. "Rising Government Debt: Causes and Solutions for a Decades-Old Trend," NBER Working Papers 24979, National Bureau of Economic Research, Inc.
- Combes, Jean-Louis & Minea, Alexandru & Sow, Moussé, 2017.
"Is fiscal policy always counter- (pro-) cyclical? The role of public debt and fiscal rules,"
Economic Modelling, Elsevier, vol. 65(C), pages 138-146.
- Jean-Louis Combes & Alexandru Minea & Mousse Ndoye Sow, 2017. "Is fiscal policy always counter- (pro-) cyclical? The role of public debt and fiscal rules," Post-Print hal-01682627, HAL.
- Beetsma, Roel & Debrun, Xavier & Fang, Xiangming & Kim, Young & Lledó, Victor & Mbaye, Samba & Zhang, Xiaoxiao, 2019.
"Independent fiscal councils: Recent trends and performance,"
European Journal of Political Economy, Elsevier, vol. 57(C), pages 53-69.
- Beetsma, Roel & Debrun, Xavier & Fang, Xiangming & Kim, Young & Lledo, Victor & Mbaye, Samba & Zhang, Xiaoxiao, 2018. "Independent fiscal councils: recent trends and performance," CEPR Discussion Papers 12826, C.E.P.R. Discussion Papers.
- Mr. Roel M. W. J. Beetsma & Mr. Xavier Debrun & Xiangming Fang & Young-Bae Kim & Victor Duarte Lledo & Samba Mbaye & Xiaoxiao Zhang, 2018. "Independent Fiscal Councils: Recent Trends and Performance," IMF Working Papers 2018/068, International Monetary Fund.
- Mar Delgado-Téllez & Víctor D. Lledó & Javier J. Pérez, 2016.
"On the determinants of fiscal non-compliance: an empirical analysis of spain’s regions,"
Working Papers
1632, Banco de España.
- Mar Delgado-Téllez & Victor Duarte Lledo & Javier J. Pérez, 2017. "On the Determinants of Fiscal Non-Compliance: An Empirical Analysis of Spain’s Regions," IMF Working Papers 2017/005, International Monetary Fund.
- Blundell, Richard & Bond, Stephen, 1998.
"Initial conditions and moment restrictions in dynamic panel data models,"
Journal of Econometrics, Elsevier, vol. 87(1), pages 115-143, August.
- R Blundell & Steven Bond, "undated". "Initial conditions and moment restrictions in dynamic panel data model," Economics Papers W14&104., Economics Group, Nuffield College, University of Oxford.
- Blundell, R. & Bond, S., 1995. "Initial Conditions and Moment Restrictions in Dynamic Panel Data Models," Economics Papers 104, Economics Group, Nuffield College, University of Oxford.
- Richard Blundell & Stephen Bond, 1995. "Initial conditions and moment restrictions in dynamic panel data models," IFS Working Papers W95/17, Institute for Fiscal Studies.
- Signe Krogstrup & Sébastien Wälti, 2008.
"Do fiscal rules cause budgetary outcomes?,"
Public Choice, Springer, vol. 136(1), pages 123-138, July.
- Signe Krogstrup & Sébastien Wälti, 2007. "Do fiscal rules cause budgetary outcomes?," IHEID Working Papers 15-2007, Economics Section, The Graduate Institute of International Studies, revised May 2007.
- Signe Krogstrup & S bastien W lti, 2007. "Do fiscal rules cause budgetary outcomes?," Trinity Economics Papers tep0607, Trinity College Dublin, Department of Economics.
- Alberto Alesina & Guido Tabellini, 1990.
"A Positive Theory of Fiscal Deficits and Government Debt,"
The Review of Economic Studies, Review of Economic Studies Ltd, vol. 57(3), pages 403-414.
- Tabellini, Guido & Alesina, Alberto, 1990. "A Positive Theory of Fiscal Deficits and Government Debt," Scholarly Articles 3612769, Harvard University Department of Economics.
- Chrysanthakopoulos, Christos & Tagkalakis, Athanasios, 2024.
"The medium-term effects of fiscal policy rules,"
Journal of International Money and Finance, Elsevier, vol. 142(C).
- Christos Chrysanthakopoulos & Athanasios Tagkalakis, 2024. "The medium-term effects of fiscal policy rules," Working Papers 325, Bank of Greece.
- Burriel, Pablo & Checherita-Westphal, Cristina & Jacquinot, Pascal & Stähler, Nikolai & Schön, Matthias, 2020.
"Economic consequences of high public debt: evidence from three large scale DSGE models,"
Working Paper Series
2450, European Central Bank.
- Pablo Burriel & Cristina Checherita-Westphal & Pascal Jacquinot & Matthias Schön & Nikolai Stähler, 2020. "Economic consequences of high public debt: evidence from three large scale DSGE models," Working Papers 2029, Banco de España.
- Kenneth Rogoff & Anne Sibert, 1988.
"Elections and Macroeconomic Policy Cycles,"
The Review of Economic Studies, Review of Economic Studies Ltd, vol. 55(1), pages 1-16.
- Rogoff, Kenneth & Sibert, Anne, 1985. "Elections And Macroeconomic Policy Cycles," SSRI Workshop Series 292676, University of Wisconsin-Madison, Social Systems Research Institute.
- Kenneth Rogoff & Anne Sibert, 1986. "Elections and Macroeconomic Policy Cycles," NBER Working Papers 1838, National Bureau of Economic Research, Inc.
- 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.
- Hallerberg, Mark & Strauch, Rolf & von Hagen, Jurgen, 2007.
"The design of fiscal rules and forms of governance in European Union countries,"
European Journal of Political Economy, Elsevier, vol. 23(2), pages 338-359, June.
- Strauch, Rolf & Hallerberg, Mark & von Hagen, Jürgen, 2004. "The design of fiscal rules and forms of governance in European Union countries," Working Paper Series 419, European Central Bank.
- Hallerberg, Mark & Strauch, Rolf & Hagen, Jürgen von, 2006. "The design of fiscal rules and forms of governance in European Union countries," Discussion Paper Series of SFB/TR 15 Governance and the Efficiency of Economic Systems 150, Free University of Berlin, Humboldt University of Berlin, University of Bonn, University of Mannheim, University of Munich.
- Iara, Anna & Wolff, Guntram B., 2014.
"Rules and risk in the Euro area,"
European Journal of Political Economy, Elsevier, vol. 34(C), pages 222-236.
- Guntram B. Wolff, 2011. "Rules and risk in the euro area," Bruegel Working Papers 615, Bruegel.
- Anna Iara & Guntram Wolff, 2014. "Rules and risk in the Euro area," ULB Institutional Repository 2013/386950, ULB -- Universite Libre de Bruxelles.
- Veronica Grembi & Tommaso Nannicini & Ugo Troiano, 2016. "Do Fiscal Rules Matter?," American Economic Journal: Applied Economics, American Economic Association, vol. 8(3), pages 1-30, July.
- Asatryan, Zareh & Castellón, César & Stratmann, Thomas, 2018.
"Balanced budget rules and fiscal outcomes: Evidence from historical constitutions,"
Journal of Public Economics, Elsevier, vol. 167(C), pages 105-119.
- Zareh Asatryan & César Castellón & Thomas Stratmann, 2016. "Balanced Budget Rules and Fiscal Outcomes: Evidence from Historical Constitutions," CESifo Working Paper Series 5893, CESifo.
- Asatryan, Zareh & Castellón, Cesar & Stratmann, Thomas, 2017. "Balanced budget rules and fiscal outcomes: Evidence from historical constitutions," ZEW Discussion Papers 16-034, ZEW - Leibniz Centre for European Economic Research, revised 2017.
- Afonso, António & Jalles, João Tovar, 2020.
"Stock flow adjustments in sovereign debt dynamics: The role of fiscal frameworks,"
International Review of Economics & Finance, Elsevier, vol. 65(C), pages 1-16.
- António Afonso & João Tovar Jalles, 2019. "Stock Flow Adjustments in Sovereign Debt Dynamics: The Role of Fiscal Frameworks," Working Papers REM 2019/66, ISEG - Lisbon School of Economics and Management, REM, Universidade de Lisboa.
- Jose E. Gomez-Gonzalez & Oscar M. Valencia & Gustavo A. Sánchez, 2024.
"Debt affordability in developed and emerging market economies: the role of fiscal rules,"
Journal of Economics and Finance, Springer;Academy of Economics and Finance, vol. 48(2), pages 377-393, June.
- Valencia, Oscar & Gomez-Gonzalez, Jose E. & Sánchez, Gustavo, 2022. "Debt Affordability in Developed and Emerging Market Economies: The Role of Fiscal Rules," IDB Publications (Working Papers) 12235, 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.
- Jacopo Cimadomo, 2012.
"Fiscal Policy in Real Time,"
Scandinavian Journal of Economics, Wiley Blackwell, vol. 114(2), pages 440-465, June.
- Jacopo Cimadomo, 2007. "Fiscal Policy in Real Time," Working Papers 2007-10, CEPII research center.
- Cimadomo, Jacopo, 2008. "Fiscal policy in real time," Working Paper Series 919, European Central Bank.
- repec:oup:ecpoli:v:23:y:2008:i::p:297-362 is not listed on IDEAS
- Gootjes, Bram & de Haan, Jakob, 2022. "Procyclicality of fiscal policy in European Union countries," Journal of International Money and Finance, Elsevier, vol. 120(C).
- Poterba, James M, 1996.
"Budget Institutions and Fiscal Policy in the U.S. States,"
American Economic Review, American Economic Association, vol. 86(2), pages 395-400, May.
- James M. Poterba, 1996. "Budget Institutions and Fiscal Policy in the U.S. States," NBER Working Papers 5449, National Bureau of Economic Research, Inc.
- Xavier Debrun & Laurent Moulin & Alessandro Turrini & Joaquim Ayuso-i-Casals & Manmohan S. Kumar, 2008. "Tied to the mast? National fiscal rules in the European Union [‘Constitutions, politics, and economics’]," Economic Policy, CEPR, CESifo, Sciences Po;CES;MSH, vol. 23(54), pages 298-362.
- Thornton, John & Vasilakis, Chrysovalantis, 2017. "The impact of fiscal rules on sovereign risk premia: International evidence," Finance Research Letters, Elsevier, vol. 20(C), pages 63-67.
- Pierre Yared, 2010. "Politicians, Taxes and Debt," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 77(2), pages 806-840.
- Alesina, Alberto & Perotti, Roberto, 1996. "Fiscal Discipline and the Budget Process," American Economic Review, American Economic Association, vol. 86(2), pages 401-407, May.
- ,, 2014.
"A dynamic theory of electoral competition,"
Theoretical Economics, Econometric Society, vol. 9(2), May.
- Battaglini, Marco, 2011. "A Dynamic theory of electoral competition," CEPR Discussion Papers 8633, C.E.P.R. Discussion Papers.
- César Calderón & Roberto Duncan & Klaus Schmidt-Hebbel, 2016.
"Do Good Institutions Promote Countercyclical Macroeconomic Policies?,"
Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 78(5), pages 650-670, October.
- César Calderón & Roberto Duncan & Klaus Schmidt-Hebbel, 2012. "Do Good Institutions Promote Counter-Cyclical Macroeconomic Policies?," Documentos de Trabajo 419, Instituto de Economia. Pontificia Universidad Católica de Chile..
- César Calderón & Roberto Duncan & Klaus Schmidt-Hebbel, 2014. "Do Good Institutions Promote Counter-cyclical Macroeconomic Policies?," Working Papers 3, Peruvian Economic Association.
- César Calderón & Roberto Duncan & Klaus Schmidt-Hebbel, 2012. "Do good institutions promote counter-cyclical macroeconomic policies?," Globalization Institute Working Papers 118, Federal Reserve Bank of Dallas.
- Badinger, Harald & Reuter, Wolf Heinrich, 2017.
"The case for fiscal rules,"
Economic Modelling, Elsevier, vol. 60(C), pages 334-343.
- Badinger, Harald & Reuter, Wolf Heinrich, 2015. "The Case for Fiscal Rules," Department of Economics Working Paper Series 204, WU Vienna University of Economics and Business.
- Harald Badinger & Wolf Heinrich Reuter, 2015. "The Case for Fiscal Rules," Department of Economics Working Papers wuwp204, Vienna University of Economics and Business, Department of Economics.
- Tabellini, Guido, 1991.
"The Politics of Intergenerational Redistribution,"
Journal of Political Economy, University of Chicago Press, vol. 99(2), pages 335-357, April.
- Guido Tabellini, 1989. "The Politics of Intergenerational Redistribution," NBER Working Papers 3058, National Bureau of Economic Research, Inc.
- Christina D. Romer & David H. Romer, 2018. "Phillips Lecture – Why Some Times Are Different: Macroeconomic Policy and the Aftermath of Financial Crises," Economica, London School of Economics and Political Science, vol. 85(337), pages 1-40, January.
- James D. Hamilton, 2018. "Why You Should Never Use the Hodrick-Prescott Filter," The Review of Economics and Statistics, MIT Press, vol. 100(5), pages 831-843, December.
- repec:bla:ecpoli:v:23:y:2008:i::p:297-362 is not listed on IDEAS
- Francisco De Castro & Javier J. Pérez & Marta Rodríguez‐Vives, 2013.
"Fiscal Data Revisions in Europe,"
Journal of Money, Credit and Banking, Blackwell Publishing, vol. 45(6), pages 1187-1209, September.
- Francisco Castro & Javier J. P√Ârez & Marta Rodr√Çguez-Vives, 2013. "Fiscal Data Revisions in Europe," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 45(6), pages 1187-1209, September.
- Francisco de Castro & Javier J. Pérez & Marta Rodríguez Vives, 2011. "Fiscal data revisions in Europe," Working Papers 1106, Banco de España.
- Pérez, Javier J. & de Castro Fernández, Francisco & Rodríguez-Vives, Marta, 2011. "Fiscal data revisions in Europe," Working Paper Series 1342, European Central Bank.
- Bram Gootjes & Jakob Haan & Richard Jong-A-Pin, 2021. "Do fiscal rules constrain political budget cycles?," Public Choice, Springer, vol. 188(1), pages 1-30, July.
- Torsten Persson & Guido Tabellini, 2004. "Constitutional Rules and Fiscal Policy Outcomes," American Economic Review, American Economic Association, vol. 94(1), pages 25-45, March.
- Julia Estefania‐Flores & Davide Furceri & Siddharth Kothari & Jonathan D. Ostry, 2023.
"Worse than you think: Public debt forecast errors in advanced and developing economies,"
Journal of Forecasting, John Wiley & Sons, Ltd., vol. 42(3), pages 685-714, April.
- Ostry, Jonathan D. & Estefania Flores, Julia & Furceri, Davide & Kothari, Siddharth, 2021. "Worse Than You Think: Public Debt Forecast Errors in Advanced and Developing Economies," CEPR Discussion Papers 16108, C.E.P.R. Discussion Papers.
- Caselli, Francesca & Reynaud, Julien, 2020.
"Do fiscal rules cause better fiscal balances? A new instrumental variable strategy,"
European Journal of Political Economy, Elsevier, vol. 63(C).
- Francesca Caselli & Julien Reynaud, 2019. "Do Fiscal Rules Cause Better Fiscal Balances? A New Instrumental Variable Strategy," IMF Working Papers 2019/049, International Monetary Fund.
- 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.
- Carolina Ulloa-Suarez & Oscar Valencia, 2022. "Do governments stick to their announced fiscal rules? A study of Latin American and the Caribbean countries," Post-Print hal-03994711, HAL.
- Marco Battaglini & Stephen Coate, 2016.
"A Political Economy Theory Of Fiscal Policy And Unemployment,"
Journal of the European Economic Association, European Economic Association, vol. 14(2), pages 303-337, April.
- Marco Battaglini & Stephen Coate, 2016. "A Political Economy Theory of Fiscal Policy and Unemployment," Journal of the European Economic Association, European Economic Association, vol. 14(2), pages 303-337.
- 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.
- Nerlich, Carolin & Reuter, Wolf Heinrich, 2015. "Fiscal rules, fiscal space and procyclical fiscal policy," Working Paper Series 1872, European Central Bank.
- Samba Mbaye & Ms. Marialuz Moreno Badia & Kyungla Chae, 2018. "Global Debt Database: Methodology and Sources," IMF Working Papers 2018/111, International Monetary Fund.
- Cukierman, Alex & Meltzer, Allan H, 1989. "A Political Theory of Government Debt and Deficits in a Neo-Ricardian Framework," American Economic Review, American Economic Association, vol. 79(4), pages 713-732, September.
- Philip R. Lane & Aaron Tornell, 1999. "The Voracity Effect," American Economic Review, American Economic Association, vol. 89(1), pages 22-46, March.
- 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.
- U. Michael Bergman & Michael Hutchison, 2020. "Fiscal procyclicality in emerging markets: The role of institutions and economic conditions," International Finance, Wiley Blackwell, vol. 23(2), pages 196-214, August.
- Bergman, U. Michael & Hutchison, Michael M. & Jensen, Svend E. Hougaard, 2016. "Promoting sustainable public finances in the European Union: The role of fiscal rules and government efficiency," European Journal of Political Economy, Elsevier, vol. 44(C), pages 1-19.
- 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.
- Gomez-Gonzalez, Jose E. & Valencia, Oscar M. & Sánchez, Gustavo A., 2022. "How fiscal rules can reduce sovereign debt default risk," Emerging Markets Review, Elsevier, vol. 50(C).
- Bergman, U. Michael & Hutchison, Michael, 2015. "Economic stabilization in the post-crisis world: Are fiscal rules the answer?," Journal of International Money and Finance, Elsevier, vol. 52(C), pages 82-101.
- Hansen, Daniel, 2020. "The effectiveness of fiscal institutions: International financial flogging or domestic constraint?," European Journal of Political Economy, Elsevier, vol. 63(C).
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Valencia, Oscar & Gamboa-Arbeláez, Juliana & Sánchez, Gustavo, 2024.
"Debt erosion: Asymmetric response to demand and supply shocks,"
International Review of Economics & Finance, Elsevier, vol. 96(PA).
- Valencia, Oscar & Gamboa-Arbeláez, Juliana & Sánchez, Gustavo, 2023. "Debt Erosion: Asymmetric Response to Demand and Supply Shocks," IDB Publications (Working Papers) 12978, Inter-American Development Bank.
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.- Thomas Brändle & Marc Elsener, 2024. "Do fiscal rules matter? A survey of recent evidence," Swiss Journal of Economics and Statistics, Springer;Swiss Society of Economics and Statistics, vol. 160(1), pages 1-38, December.
- 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.
- Potrafke, Niklas, 2025.
"The economic consequences of fiscal rules,"
Journal of International Money and Finance, Elsevier, vol. 153(C).
- Niklas Potrafke, 2023. "The Economic Consequences of Fiscal Rules," CESifo Working Paper Series 10765, CESifo.
- Apeti, Ablam Estel & Bambe, Bao-We-Wal & Combes, Jean-Louis & Edoh, Eyah Denise, 2024.
"Original sin: Fiscal rules and government debt in foreign currency in developing countries,"
Journal of Macroeconomics, Elsevier, vol. 80(C).
- Ablam Estel Apeti & Bao We Wal Bambe & Jean-Louis Combes & Eyah Denise Edoh, 2024. "Original Sin: Fiscal Rules and Government Debt in Foreign Currency in Developing Countries," Post-Print hal-04130477, HAL.
- Apeti, Ablam Estel & Bambe, Bao-We-Wal & Combes, Jean-Louis & Edoh, Eyah Denise, 2024.
"Original sin: Fiscal rules and government debt in foreign currency in developing countries,"
Journal of Macroeconomics, Elsevier, vol. 80(C).
- Ablam Estel Apeti & Bao We Wal Bambe & Jean-Louis Combes & Eyah Denise Edoh, 2023. "Original Sin: Fiscal Rules and Government Debt in Foreign Currency in Developing Countries," Working Papers hal-04130477, HAL.
- Ablam Estel Apeti & Bao We Wal Bambe & Jean-Louis Combes & Eyah Denise Edoh, 2024. "Original Sin: Fiscal Rules and Government Debt in Foreign Currency in Developing Countries," Post-Print hal-04130477, HAL.
- Ablam Estel Apeti & Bao We Wal Bambe & Jean-Louis Combes & Eyah Denise Edoh, 2024. "Original sin: Fiscal rules and government debt in foreign currency in developing countries," Post-Print hal-04797659, HAL.
- Panizza, Ugo & Fatás, Antonio & Ghosh, Atish R. & ,, 2019.
"The Motives to Borrow,"
CEPR Discussion Papers
13735, C.E.P.R. Discussion Papers.
- A. Fatas & Mr. Atish R. Ghosh & Ugo Panizza & Mr. Andrea F Presbitero, 2019. "The Motives to Borrow," IMF Working Papers 2019/101, International Monetary Fund.
- Ardanaz, Martín & Ulloa-Suárez, Carolina & Valencia, Oscar, 2024.
"Why don't we follow the rules? Drivers of compliance with fiscal policy rules in emerging markets,"
Journal of International Money and Finance, Elsevier, vol. 142(C).
- 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.
- Herrero-Alcalde, Ana & Martín-Román, Javier & Tránchez-Martín, José Manuel & Moral-Arce, Ignacio, 2024. "Fiscal rules to the test: The impact of the Spanish expenditure rule," European Journal of Political Economy, Elsevier, vol. 81(C).
- 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.
- Gootjes, Bram & de Haan, Jakob, 2022. "Do fiscal rules need budget transparency to be effective?," European Journal of Political Economy, Elsevier, vol. 75(C).
- Ech-charfi, Nour-eddine, 2024. "Fiscal rules, capital controls, and cross-border financial integration," European Journal of Political Economy, Elsevier, vol. 85(C).
- Ablam Estel APETI & Bao-We-Wal BAMBE & Jean Louis COMBES, 2022.
"On the Macroeconomic Effects of Fiscal Reforms : Fiscal Rules and Public Expenditure Efficiency,"
LEO Working Papers / DR LEO
2985, Orleans Economics Laboratory / Laboratoire d'Economie d'Orleans (LEO), University of Orleans.
- Ablam Estel Apeti & Bao We Wal Bambe & Jean-Louis Combes, 2025. "On the macroeconomic effects of fiscal reforms: fiscal rules and public expenditure efficiency," Post-Print hal-05009458, HAL.
- Ablam Estel Apeti & Bao-We-Wal Bambe & Jean-Louis Combes, 2023. "On the Macroeconomic Effects of Fiscal Reforms: Fiscal Rules and Public Expenditure Efficiency," Working Papers hal-03961062, HAL.
- López-Herrera, Carmen & Cordero, José M. & Pedraja-Chaparro, Francisco & Polo, Cristina, 2023. "Fiscal rules and their influence on public sector efficiency," MPRA Paper 119018, University Library of Munich, Germany.
- Sawadogo, Rayangnewendé Frans, 2024. "Do fiscal rules shape private-sector investment decisions?," Journal of Macroeconomics, Elsevier, vol. 81(C).
- Afonso, António & Huart, Florence & Tovar Jalles, João & Stanek, Piotr, 2022.
"Twin deficits revisited: A role for fiscal institutions?,"
Journal of International Money and Finance, Elsevier, vol. 121(C).
- António Afonso & Florence Huart & João Tovar Jalles & Piotr Stanek, 2018. "Twin Deficits Revisited: a role for fiscal institutions?," Working Papers REM 2018/31, ISEG - Lisbon School of Economics and Management, REM, Universidade de Lisboa.
- António Afonso & Florence Huart & João Tovar Jalles & Piotr Stanek, 2022. "Twin deficits revisited: A role for fiscal institutions?," Post-Print hal-03702590, HAL.
- 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.
- 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.
- Alesina, A. & Passalacqua, A., 2016.
"The Political Economy of Government Debt,"
Handbook of Macroeconomics, in: J. B. Taylor & Harald Uhlig (ed.), Handbook of Macroeconomics, edition 1, volume 2, chapter 0, pages 2599-2651,
Elsevier.
- Alberto Alesina & Andrea Passalacqua, 2015. "The Political Economy of Government Debt," NBER Working Papers 21821, National Bureau of Economic Research, Inc.
- Chrysanthakopoulos, Christos & Tagkalakis, Athanasios, 2024.
"The medium-term effects of fiscal policy rules,"
Journal of International Money and Finance, Elsevier, vol. 142(C).
- Christos Chrysanthakopoulos & Athanasios Tagkalakis, 2024. "The medium-term effects of fiscal policy rules," Working Papers 325, Bank of Greece.
- Caselli, Francesca & Reynaud, Julien, 2020.
"Do fiscal rules cause better fiscal balances? A new instrumental variable strategy,"
European Journal of Political Economy, Elsevier, vol. 63(C).
- Francesca Caselli & Julien Reynaud, 2019. "Do Fiscal Rules Cause Better Fiscal Balances? A New Instrumental Variable Strategy," IMF Working Papers 2019/049, International Monetary Fund.
More about this item
Keywords
Fiscal Rules; Public Debt; Business cycle;All these keywords.
JEL classification:
- E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
- E61 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Policy Objectives; Policy Designs and Consistency; Policy Coordination
- E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy; Modern Monetary Theory
- H30 - Public Economics - - Fiscal Policies and Behavior of Economic Agents - - - General
- H63 - Public Economics - - National Budget, Deficit, and Debt - - - Debt; Debt Management; Sovereign Debt
NEP fields
This paper has been announced in the following NEP Reports:- NEP-MAC-2023-10-30 (Macroeconomics)
- NEP-PBE-2023-10-30 (Public Economics)
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:idb:brikps:12639. 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: Felipe Herrera Library (email available below). General contact details of provider: https://edirc.repec.org/data/iadbbus.html .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.