How to Select Fiscal Rules
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This note provides guidance on how to select fiscal rules in a wide range of economies, including advanced, emerging market, and developing economies. The princ
This note provides guidance on how to select fiscal rules in a wide range of economies, including advanced, emerging market, and developing economies. The princ
This note discusses how to design subnational fiscal rules, including how to select them and calibrate them. It expands on the guidance provided at the national
The sharp increase in fiscal deficits and public debt in most advanced and several developing economies has raised concerns about the sustainability of public f
Strengthening fiscal frameworks, in particular fiscal rules, has emerged as a key response to the fiscal legacy of the crisis. This paper takes stock of fiscal
Fiscal rule frameworks have evolved significantly in response to the global financial crisis. Many countries have reformed their fiscal rules or introduced new