Arbeitspapier
The impact of fiscal rules on public finances: Theory and empirical evidence for the Euro area
This paper presents a review of the most significant fiscal rules policymakers can choose from. The insights from this review are then applied to the current budgetary situation of the European Union. In the European Union, the supranational Stability and Growth Pact (SGP) should provide the necessary guidance in limiting governmental borrowing by member states. In addition to the SGP, European countries are implementing various other fiscal rules that bind central, regional and local governments. We provide empirical estimates of the effect of fiscal rules on fiscal balance, government spending and government revenues, using a Fiscal Rule Index. We find that fiscal rules have some effect on fiscal balances.
- Sprache
-
Englisch
- Erschienen in
-
Series: CESifo Working Paper ; No. 3303
- Klassifikation
-
Wirtschaft
Foreign Exchange
Open Economy Macroeconomics
International Financial Markets
- Thema
-
euro area
fiscal policy
policy rules
fiscal sustainability
Finanzpolitik
Regelgebundene Politik
EU-Stabilitätspakt
Wirkungsanalyse
Öffentlicher Haushalt
Nachhaltigkeit
Eurozone
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Marneffe, Wim
van Aarle, Bas
van der Wielen, Wouter
Vereeck, Lode
- Ereignis
-
Veröffentlichung
- (wer)
-
Center for Economic Studies and ifo Institute (CESifo)
- (wo)
-
Munich
- (wann)
-
2010
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:42 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Marneffe, Wim
- van Aarle, Bas
- van der Wielen, Wouter
- Vereeck, Lode
- Center for Economic Studies and ifo Institute (CESifo)
Entstanden
- 2010
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