How to Calibrate Fiscal Rules

A Primer

This note provides guidance on how to calibrate fiscal rules, that is, how to determine the thresholds (ceiling, floor, or target) for specific fiscal aggregates constrained by rules. The note focuses, more specifically, on the calibration of the debt, balance, and expenditure rules. The note is divided into four sections. The first section... READ MORE...

Publication date: March 2018
ISBN 9781484337301

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Publication date: March 2018