Arbeitspapier
Do fiscal rules constrain fiscal policy? A meta-regression-analysis
We implement a meta-regression-analysis for the budgetary impact of numerical fiscal rules. Based on 30 studies published in the last decade, we offer a consensus estimate with respect to the level of statistical significance, provide suggestive evidence for the effect size, and identify study features of relevance for the measured impact of fiscal rules. Overall, the results document a constraining impact of rules. However, this impact is weakened if refined identification strategies are employed. Moreover, the results provide evidence for a publication bias in which journals are more likely to report constraining and statistically significant effects compared to working papers. We further provide recommendations for future research on the budgetary impact of fiscal rules.
- Sprache
-
Englisch
- Erschienen in
-
Series: ZEW Discussion Papers ; No. 16-027
- Klassifikation
-
Wirtschaft
National Government Expenditures and Related Policies: General
National Debt; Debt Management; Sovereign Debt
- Thema
-
fiscal rules
meta-regression-analysis
public finances
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Heinemann, Friedrich
Moessinger, Marc-Daniel
Yeter, Mustafa
- Ereignis
-
Veröffentlichung
- (wer)
-
Zentrum für Europäische Wirtschaftsforschung (ZEW)
- (wo)
-
Mannheim
- (wann)
-
2016
- Handle
- URN
-
urn:nbn:de:bsz:180-madoc-409042
- Letzte Aktualisierung
-
10.03.2025, 11:44 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
- Heinemann, Friedrich
- Moessinger, Marc-Daniel
- Yeter, Mustafa
- Zentrum für Europäische Wirtschaftsforschung (ZEW)
Entstanden
- 2016
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