On Fixed and Variable Fiscal Surplus Rules

On Fixed and Variable Fiscal Surplus Rules
Fiscal rules are being increasingly used by both emerging and developed economies. This paper analyzes two alternative fiscal policy rules in terms of their impact on debt sustainability: a rule that fixes the ratio of primary surplus to GDP ("fixed surplus rule") and one that sets the primary surplus as a linear function of debt to GDP ratio... READ MORE...

Publication date: July 2004
ISBN 9781451854046
$15.00

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