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IV Fiscal Rules and the Effects of Fiscal Policy on Economic Activity

IV Fiscal Rules and the Effects of Fiscal Policy on Economic Activity »

Source: Rules-Based Fiscal Policy in France, Germany, Italy, and Spain

Series: Occasional Papers

Author(s): Teresa Daban Sanchez , Steven Symansky , Gian Milesi-Ferretti , Enrica Detragiache , and Gabriel Di Bella

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 14 November 2003

ISBN: 9781589062160

Keywords: fiscal policy, expenditure, fiscal rules, expenditures, public debt

In this section, the impact of fiscal policy on economic activity under discretion and under rules is investigated. More specifically, we ask whether fiscal rules imply a change in the behavioral reactions o...

Rules-Based Fiscal Policy in France, Germany, Italy, and Spain

Rules-Based Fiscal Policy in France, Germany, Italy, and Spain »

Series: Occasional Papers

Author(s): Teresa Daban Sanchez , Steven Symansky , Gian Milesi-Ferretti , Enrica Detragiache , and Gabriel Di Bella

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 14 November 2003

DOI: http://dx.doi.org/10.5089/9781589062160.084

ISBN: 9781589062160

Keywords: fiscal policy, expenditure, fiscal rules, expenditures, public debt

Fiscal rules can help to counteract the deficits and spending biases that too often originate in the political process. Rules that constrain spending--rather than the balance--allow fiscal policy to be countercycli...

Back Matter

Back Matter »

Source: Rules-Based Fiscal Policy in France, Germany, Italy, and Spain

Series: Occasional Papers

Author(s): Teresa Daban Sanchez , Steven Symansky , Gian Milesi-Ferretti , Enrica Detragiache , and Gabriel Di Bella

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 14 November 2003

ISBN: 9781589062160

Keywords: fiscal policy, expenditure, fiscal rules, expenditures, public debt

Fiscal rules can help to counteract the deficits and spending biases that too often originate in the political process. Rules that constrain spending--rather than the balance--allow fiscal policy to be countercycli...

Front Matter

Front Matter »

Source: Rules-Based Fiscal Policy in France, Germany, Italy, and Spain

Series: Occasional Papers

Author(s): Teresa Daban Sanchez , Steven Symansky , Gian Milesi-Ferretti , Enrica Detragiache , and Gabriel Di Bella

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 14 November 2003

ISBN: 9781589062160

Keywords: fiscal policy, expenditure, fiscal rules, expenditures, public debt

Fiscal rules can help to counteract the deficits and spending biases that too often originate in the political process. Rules that constrain spending--rather than the balance--allow fiscal policy to be countercycli...

V Conclusions

V Conclusions »

Source: Rules-Based Fiscal Policy in France, Germany, Italy, and Spain

Series: Occasional Papers

Author(s): Teresa Daban Sanchez , Steven Symansky , Gian Milesi-Ferretti , Enrica Detragiache , and Gabriel Di Bella

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 14 November 2003

ISBN: 9781589062160

Keywords: fiscal policy, expenditure, fiscal rules, expenditures, public debt

This paper has reviewed fiscal policy and the fiscal framework in four of the largest economies of the euro area—France, Germany, Italy, and Spain. As in many other advanced economies, the size...

Spain
			: Selected Issues

Spain : Selected Issues »

Volume/Issue: 2003/41

Series: IMF Staff Country Reports

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 28 February 2003

DOI: http://dx.doi.org/10.5089/9781451812091.002

ISBN: 9781451812091

Keywords: fiscal policy, expenditures, expenditure, public spending, composition of public spending

This Selected Issues paper analyzes the conduct of fiscal policy in Spain, made topical by the entry into effect of the Budgetary Stability Law in 2003. This law, along with the new permanent financing arrangements...

Spain

Spain »

Source: Spain : Selected Issues

Volume/Issue: 2003/41

Series: IMF Staff Country Reports

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 28 February 2003

ISBN: 9781451812091

Keywords: fiscal policy, expenditures, expenditure, public spending, composition of public spending

This Selected Issues paper analyzes the conduct of fiscal policy in Spain, made topical by the entry into effect of the Budgetary Stability Law in 2003. This law, along with the new permanent financing arrangements...

Macroeconomic Management and the Devolution of Fiscal Powers

Macroeconomic Management and the Devolution of Fiscal Powers »

Volume/Issue: 2002/76

Series: IMF Working Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 April 2002

DOI: http://dx.doi.org/10.5089/9781451849882.001

ISBN: 9781451849882

Keywords: fiscal policies, state and local government, intergovernmental relations, local governments, local government, fiscal decentralization, fiscal devolution, tax revenue,

Several of the transition economies are devolving fiscal authority to subnational governments at a time when it is also important to consolidate fiscal policy. This can be problematic because, without appropriate c...

Macroeconomic Management and the Devolution of Fiscal Powers

Macroeconomic Management and the Devolution of Fiscal Powers »

Source: Macroeconomic Management and the Devolution of Fiscal Powers

Volume/Issue: 2002/76

Series: IMF Working Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 April 2002

ISBN: 9781451849882

Keywords: fiscal policies, state and local government, intergovernmental relations, local governments, local government, fiscal decentralization, fiscal devolution, tax revenue,

Several of the transition economies are devolving fiscal authority to subnational governments at a time when it is also important to consolidate fiscal policy. This can be problematic because, without appropriate c...

IMF Executive Board Discusses the Monetary and Exchange Rate Policies of the Euro Area

IMF Executive Board Discusses the Monetary and Exchange Rate Policies of the Euro Area »

Source: Staff Report on the Monetary and Exchange Rate Policies of the Euro Area; Supplement Updating Information on Recent Economic Developments and Policies in the Euro Area; Supplement on EU Trade Policies; Public Information Notice Following Consultation; Two Statements by Representative on the IMF Executive Board for France, on Behalf of Euro-Area and EU Members

Volume/Issue: 2000/146

Series: IMF Staff Country Reports

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 09 November 2000

ISBN: 9781451812961

Keywords: exchange rate, fiscal policies, price stability, interest rates, labor markets

For the time being-and possibly for a considerable time to come-developments and prospects for the euro area are quite favorable. This upbeat outlook is underpinned by buoyant activity indicators and a supportive p...