Can fiscal sovereignty be reconciled with fiscal discipline?
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Note: An earlier version was presented at the Banca d’Italia Workshop on “Rules and Institutions for Sound Fiscal Policy after the Crisis”, held in Perugia, March 31–April 2, 2011. The author is grateful to two anonymous referees and workshop participants for comments, and to Peter Virovácz for computational assistance.
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Cited by:
- George Kopits, 2014. "Ireland’s Fiscal Framework: Options for the Future," The Economic and Social Review, Economic and Social Studies, vol. 45(1), pages 135-158.
- Csaba, László, 2014. "A félig tele pohár [Glass - half full]," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(4), pages 439-451.
- Ondrej Schneider, 2019. "Partisan Fiscal Policy: Evidence from Central and Eastern Europe," CESifo Working Paper Series 8014, CESifo.
- Zachary Kramer, 2019. "Fiscal Sovereignty under EU Crisis Management: A Comparison of Greece and Hungary," Acta Oeconomica, Akadémiai Kiadó, Hungary, vol. 69(4), pages 595-624, December.
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Keywords
fiscal rules; sovereign risk; policy credibility; bond markets;All these keywords.
JEL classification:
- E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy; Modern Monetary Theory
- E65 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Studies of Particular Policy Episodes
- F34 - International Economics - - International Finance - - - International Lending and Debt Problems
- H61 - Public Economics - - National Budget, Deficit, and Debt - - - Budget; Budget Systems
- H63 - Public Economics - - National Budget, Deficit, and Debt - - - Debt; Debt Management; Sovereign Debt
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