Authors: George Kopits, Steven A. Symansky, International Monetary Fund
Categories: Business & Economics
Type: BOOK - Published: 1998-07-22 - Publisher: International Monetary Fund
What are fiscal policy rules? What are the principal benefits and drawbacks associated with various fiscal rules, particularly compared with alternative approaches to fiscal adjustment? Can fiscal rules contribute to long-run sustainability and welfare without sacrificing short-run stabilization? If so, what characteristics of fiscal rules make this contribution most effective?