Arbeitspapier
Sustainability of public finances and automatic stabilisation under a rule of budgetary discipline
This paper addresses the question of how a fiscal rule of a general type can preserve the sustainability of public finances and provide automatic stabilisation, taking as given interest rates and price stability. This issue can be considered complementary to the analysis of monetary policy rules, whose targets are price stability and often also output stabilisation, assuming that fiscal policy guarantees the sustainability of public finances. Considering the institutional framework provided by the Stability and Growth Pact, the paper also draws some policy conclusions.
- Language
-
Englisch
- Bibliographic citation
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Series: ECB Working Paper ; No. 193
- Classification
-
Wirtschaft
Policy Objectives; Policy Designs and Consistency; Policy Coordination
National Deficit; Surplus
National Debt; Debt Management; Sovereign Debt
- Event
-
Geistige Schöpfung
- (who)
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Marín, José M.
- Event
-
Veröffentlichung
- (who)
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European Central Bank (ECB)
- (where)
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Frankfurt a. M.
- (when)
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2002
- Handle
- Last update
-
10.03.2025, 11:44 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Marín, José M.
- European Central Bank (ECB)
Time of origin
- 2002
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