How to Select Fiscal Rules

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

How to Design Subnational Fiscal Rules

How to Design Subnational Fiscal Rules

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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

Fiscal Rules in Response to the Crisis

Fiscal Rules in Response to the Crisis

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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

Second-Generation Fiscal Rules

Second-Generation Fiscal Rules

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Fiscal rule frameworks have evolved significantly in response to the global financial crisis. Many countries have reformed their fiscal rules or introduced new