Fiscal Rules—Anchoring Expectations for Sustainable Public Finances

Released on by International Monetary Fund. Fiscal Affairs Dept.
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  • Fiscal Rules—Anchoring Expectations for Sustainable Public Finances Book Detail

  • Author : International Monetary Fund. Fiscal Affairs Dept.
  • Release Date : 2009-12-11
  • Publisher : International Monetary Fund
  • Genre : Business & Economics
  • Pages : 73
  • ISBN 13 : 1498335160
  • File Size : 77,77 MB
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Fiscal Rules—Anchoring Expectations for Sustainable Public Finances by International Monetary Fund. Fiscal Affairs Dept. PDF Summary

Book Description: The sharp increase in fiscal deficits and public debt in most advanced and several developing economies has raised concerns about the sustainability of public finances and highlighted the need for a significant adjustment over the medium term. This paper assesses the usefulness of fiscal rules in supporting fiscal consolidation, discusses the design and implementation of rules based on a new data base spanning the whole Fund membership, and explores the fiscal framework that could be adopted as countries emerge from the crisis.

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A central tenet of the Maastricht Treaty is that a successful European Monetary Union requires sustainable public finances of its member states, yet there is no

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