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Fiscal Policy Rules

What are fiscal policy rules? What are the principal benefits and drawbacks associated with various fiscal rules, particularly compared with alternative approaches to fiscal adjustment? Can fiscal rules contribute to long-run sustainability and welfare without sacrificing short-run stabilization? If...

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Bibliographic Details
Main Author: Kopits, George
Other Authors: Symansky, Steven
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 1998
Series:Occasional Papers
Subjects:
Budget Systems
Fiscal Rules
Public Finance & Taxation
Government Debt Management
Debt Management
Debts, Public
Fiscal Policy
Fiscal Consolidation
Debt
Budget Planning And Preparation
Budgeting
National Government Expenditures And Related Policies: General
Sovereign Debt
Expenditures, Public
Budget
Macroeconomics
Public Financial Management (pfm)
Budgeting & Financial Management
National Budget
National Budget, Deficit, And Debt: General
Public Finance
United States
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
Description
Summary:What are fiscal policy rules? What are the principal benefits and drawbacks associated with various fiscal rules, particularly compared with alternative approaches to fiscal adjustment? Can fiscal rules contribute to long-run sustainability and welfare without sacrificing short-run stabilization? If so, what characteristics of fiscal rules make this contribution most effective? And in what circumstances and contexts, if any should the IMF encourage its member countries to adopt fiscal rules? This paper seeks to identify sensible fiscal policy rules that can succeed, if chosen by a member country, as an alternative to descretionary fiscal rules
Physical Description:45 pages
ISBN:9781557757043

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