Cover IMF Working Papers
Buy Book in Print
Expenditure Rules: Effective Tools for Sound Fiscal Policy?
Author:
Till Cordes null

Search for other papers by Till Cordes in
Current site
Google Scholar Close
,
Mr. Tidiane Kinda
Search for other papers by Mr. Tidiane Kinda in
Current site
Google Scholar Close
, and
Ms. Priscilla S Muthoora
Search for other papers by Ms. Priscilla S Muthoora in
Current site
Google Scholar Close
Series:
IMF Working Papers
Volume/Issue:
Volume 2015: Issue 029
Language:
English
Publication Date:
12 Feb 2015
DOI:
https://doi.org/10.5089/9781498390576.001
ISBN:
9781498390576
ISSN:
1018-5941
Pages:
29
Keywords:
WP; expenditure rule; rule; country; expenditure target; Expenditure rules; Fiscal governance; Fiscal policy; Rules versus discretion; Stabilization; growth rule; expenditure pressure; expenditure cap; expenditure constraint; debt rule; implementation of an expenditure rule; rule index; national expenditure; rule characteristic; expenditure targets in Israel; Fiscal rules; Fiscal stance; Public investment spending; Global
Legal-disclaimer:
IMF Working Papers describe research in progress by the author(s) and are published to elicit comments and to encourage debate. The views expressed in IMF Working Papers are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.
Download PDF (1.1 MB) Download Epub
This paper provides new evidence on the effectiveness of expenditure rules. The analysis is based on a unique dataset covering all countries with national and supranational fiscal rules, including 33 expenditure rules, between 1985 and 2013. It contributes to the existing literature on fiscal rules in two main ways. First, it is the most comprehensive assessment of compliance with rules and of the potential role of expenditure rules, in particular regarding long-term sustainability. Second, it analyzes whether expenditure rules are associated with changes in public investment and its efficiency.
  • Collapse
  • Expand
Cover IMF Working Papers
IMF Working Papers
ISSN:
1018-5941
Publisher:
International Monetary Fund