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Deficit Limits, Budget Rules, and Fiscal Policy

Deficit Limits, Budget Rules, and Fiscal Policy »

Source: Deficit Limits, Budget Rules, and Fiscal Policy

Volume/Issue: 2005/120

Series: IMF Working Papers

Author(s): Paolo Manasse

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 June 2005

ISBN: 9781451861396

Keywords: deficit limits, growth and stability pact, probability, equation, excessive deficits, fiscal frameworks, Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook: General, groth and stability pact,

The paper presents a simple model for discussing the effects of deficit limits and budget rules on fiscal policy. I find that limits on deficit-output ratios provide incentives to implement procyclical policies whe...

Implementing the Stability and Growth Pact

Implementing the Stability and Growth Pact »

Source: Implementing the Stability and Growth Pact : Enforcement and Procedural Flexibility

Volume/Issue: 2005/59

Series: IMF Working Papers

Author(s): Roel Beetsma , and Xavier Debrun

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 2005

ISBN: 9781451860788

Keywords: Stability and Growth Pact, procedural flexibility, deficits, structural reforms, fiscal framework, expenditure, excessive deficits, Investment, and Finance, Taxation

The paper analyzes some key policy trade-offs involved in the implementation of the Stability and Growth Pact. Greater "procedural" flexibility in the Pact's implementation may improve welfare. Procedural flexibili...

Reconciling Stability and Growth

Reconciling Stability and Growth »

Source: Reconciling Stability and Growth : Smart Pacts and Structural Reforms

Volume/Issue: 2003/174

Series: IMF Working Papers

Author(s): Roel Beetsma , and Xavier Debrun

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 September 2003

ISBN: 9781451858716

Keywords: Structural reforms, Stability and Growth Pact, Monetary Union, Sanctions, unemployment, employment, employment protection, fiscal policy, fiscal rules, International Monetary Arrangements and Institutions

This paper analyzes the decision of a government facing electoral uncertainty to implement structural reforms in the presence of fiscal restraints similar to the Stability and Growth Pact. The model shows that a pa...

Fiscal Expectations Under the Stability and Growth Pact

Fiscal Expectations Under the Stability and Growth Pact »

Source: Fiscal Expectations Under the Stability and Growth Pact : Evidence from Survey Data

Volume/Issue: 2011/48

Series: IMF Working Papers

Author(s): Marcos Poplawski-Ribeiro , and Jan-Christoph Rülke

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 2011

ISBN: 9781455218943

Keywords: credibility, Stability and Growth Pact, survey data, budget deficit, survey, fiscal authorities, fiscal forecasts, equation, Structure, Scope

The paper uses survey data to analyze whether financial market expectations on government budget deficits changed in France, Germany, Italy, and the United Kingdom during the period of the Stability and Growth Pact...

Deficit Limits, Budget Rules, and Fiscal Policy

Deficit Limits, Budget Rules, and Fiscal Policy »

Volume/Issue: 2005/120

Series: IMF Working Papers

Author(s): Paolo Manasse

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 June 2005

DOI: http://dx.doi.org/10.5089/9781451861396.001

ISBN: 9781451861396

Keywords: deficit limits, growth and stability pact, probability, equation, excessive deficits, fiscal frameworks, Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook: General, groth and stability pact,

The paper presents a simple model for discussing the effects of deficit limits and budget rules on fiscal policy. I find that limits on deficit-output ratios provide incentives to implement procyclical policies whe...

Implementing the Stability and Growth Pact
			: Enforcement and Procedural Flexibility

Implementing the Stability and Growth Pact : Enforcement and Procedural Flexibility »

Volume/Issue: 2005/59

Series: IMF Working Papers

Author(s): Roel Beetsma , and Xavier Debrun

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 2005

DOI: http://dx.doi.org/10.5089/9781451860788.001

ISBN: 9781451860788

Keywords: Stability and Growth Pact, procedural flexibility, deficits, structural reforms, fiscal framework, expenditure, excessive deficits, Investment, and Finance, Taxation

The paper analyzes some key policy trade-offs involved in the implementation of the Stability and Growth Pact. Greater "procedural" flexibility in the Pact's implementation may improve welfare. Procedural flexibili...

Reconciling Stability and Growth
			: Smart Pacts and Structural Reforms

Reconciling Stability and Growth : Smart Pacts and Structural Reforms »

Volume/Issue: 2003/174

Series: IMF Working Papers

Author(s): Roel Beetsma , and Xavier Debrun

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 September 2003

DOI: http://dx.doi.org/10.5089/9781451858716.001

ISBN: 9781451858716

Keywords: Structural reforms, Stability and Growth Pact, Monetary Union, Sanctions, unemployment, employment, employment protection, fiscal policy, fiscal rules, International Monetary Arrangements and Institutions

This paper analyzes the decision of a government facing electoral uncertainty to implement structural reforms in the presence of fiscal restraints similar to the Stability and Growth Pact. The model shows that a pa...

Fiscal Expectations Under the Stability and Growth Pact
			: Evidence from Survey Data

Fiscal Expectations Under the Stability and Growth Pact : Evidence from Survey Data »

Volume/Issue: 2011/48

Series: IMF Working Papers

Author(s): Marcos Poplawski-Ribeiro , and Jan-Christoph Rülke

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 2011

DOI: http://dx.doi.org/10.5089/9781455218943.001

ISBN: 9781455218943

Keywords: credibility, Stability and Growth Pact, survey data, budget deficit, survey, fiscal authorities, fiscal forecasts, equation, Structure, Scope

The paper uses survey data to analyze whether financial market expectations on government budget deficits changed in France, Germany, Italy, and the United Kingdom during the period of the Stability and Growth Pact...