Arbeitspapier
Fiscal rules and public investment
This paper examines the link between fiscal rules and public investment both normatively and empirically. We first review the arguments for and against including public investment spending in a fiscal deficit rule. We then seek to assess the determinants of public investment, with a special focus on the role of the fiscal rules embodied in EMU. We conclude that there are practical difficulties precluding the introduction of a 'golden rule' and that there is virtually no evidence that EMU would have affected public investment. Therefore, the focus on safeguarding the level of public investment is somewhat misplaced; instead, one should focus on safeguarding its productivity.
- Sprache
-
Englisch
- Erschienen in
-
Series: Economic and Financial Report ; No. 2005/02
- Klassifikation
-
Wirtschaft
Fiscal Policy
Studies of Particular Policy Episodes
National Government Expenditures and Related Policies: Infrastructures; Other Public Investment and Capital Stock
Single Equation Models; Single Variables: Panel Data Models; Spatio-temporal Models
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Perée, Eric
Välilä, Timo
- Ereignis
-
Veröffentlichung
- (wer)
-
European Investment Bank (EIB)
- (wo)
-
Luxembourg
- (wann)
-
2005
- 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
- Perée, Eric
- Välilä, Timo
- European Investment Bank (EIB)
Entstanden
- 2005
Ähnliche Objekte (12)
Fiscal rule and public investment in Chile
Growth-friendly fiscal rules? Safeguarding public investment from budget cuts through fiscal rule design
Do fiscal rules reduce public investment? Evidence from European regions
Federalism, fiscal space, and public investment spending: Do fiscal rules impose hard budget constraints?
Federalism, fiscal space, and public investment spending: Do fiscal rules impose hard budget constraints?
Fiscal rules and public investment: The case of Peru, 2000-2019
Do fiscal rules undermine public investments? A review of empirical evidence
The effects of fiscal rules on public investment over the cycle
The Effect of Fiscal Rules on Public Investment if Budget Deficits are Politically Motivated
The golden rule of public investment: A necessary and sufficient reform of the EU fiscal framework?
For a sound fiscal policy: Enabling public investment
Fiscal Rules and Public Spending: Evidence from Italian Municipalities
Fiscal rule and public investment in Chile
Growth-friendly fiscal rules? Safeguarding public investment from budget cuts through fiscal rule design
Do fiscal rules reduce public investment? Evidence from European regions
Federalism, fiscal space, and public investment spending: Do fiscal rules impose hard budget constraints?
Federalism, fiscal space, and public investment spending: Do fiscal rules impose hard budget constraints?
Fiscal rules and public investment: The case of Peru, 2000-2019
Do fiscal rules undermine public investments? A review of empirical evidence
The effects of fiscal rules on public investment over the cycle
The Effect of Fiscal Rules on Public Investment if Budget Deficits are Politically Motivated
The golden rule of public investment: A necessary and sufficient reform of the EU fiscal framework?
For a sound fiscal policy: Enabling public investment
Fiscal Rules and Public Spending: Evidence from Italian Municipalities
Fiscal rule and public investment in Chile
Growth-friendly fiscal rules? Safeguarding public investment from budget cuts through fiscal rule design
Do fiscal rules reduce public investment? Evidence from European regions
Federalism, fiscal space, and public investment spending: Do fiscal rules impose hard budget constraints?
Federalism, fiscal space, and public investment spending: Do fiscal rules impose hard budget constraints?
Fiscal rules and public investment: The case of Peru, 2000-2019
Do fiscal rules undermine public investments? A review of empirical evidence
The effects of fiscal rules on public investment over the cycle
The Effect of Fiscal Rules on Public Investment if Budget Deficits are Politically Motivated
The golden rule of public investment: A necessary and sufficient reform of the EU fiscal framework?
For a sound fiscal policy: Enabling public investment