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Fiscal Rules: Anchors of Stability

Author

Listed:
  • Potrafke Niklas

    (ifo Institute, University of Munich, Munich, Germany)

  • Schaltegger Christoph A.

    (University of Lucerne, Lucerne, Switzerland)

Abstract

We believe that fiscal rules help to consolidate budgets in the post-Corona period. Fiscal rules reduce fiscal deficits and debt-to-GDP ratios, promote economic growth, mitigate room for fiscal manipulation and encourage politicians to prioritize individual policies.

Suggested Citation

  • Potrafke Niklas & Schaltegger Christoph A., 2022. "Fiscal Rules: Anchors of Stability," The Economists' Voice, De Gruyter, vol. 19(1), pages 59-62, June.
    • Handle: RePEc:bpj:evoice:v:19:y:2022:i:1:p:59-62:n:12
    DOI: 10.1515/ev-2021-0010
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    References listed on IDEAS

    as
    1. Potrafke, Niklas, 2020. "General or central government? Empirical evidence on political cycles in budget composition using new data for OECD countries," European Journal of Political Economy, Elsevier, vol. 63(C).
    2. Asatryan, Zareh & Castellón, César & Stratmann, Thomas, 2018. "Balanced budget rules and fiscal outcomes: Evidence from historical constitutions," Journal of Public Economics, Elsevier, vol. 167(C), pages 105-119.
    3. Michele Salvi & Christoph A. Schaltegger & Lukas Schmid, 2020. "Fiscal Rules Cause Lower Debt: Evidence from Switzerland’s Federal Debt Containment Rule," Kyklos, Wiley Blackwell, vol. 73(4), pages 605-642, November.
    4. Schuknecht,Ludger, 2020. "Public Spending and the Role of the State," Cambridge Books, Cambridge University Press, number 9781108496230, January.
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