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

Nopic
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 countercyclical. Yet the design of effective spending rules is by no means straightforward. Should a rule be real or nominal? How comprehensive... READ MORE...

Publication date: November 2003
ISBN 9781589062160
$25.00

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