Fiscal Rules and Discretion under Limited Enforcement
Author
Abstract
Suggested Citation
Download full text from publisher
As the access to this document is restricted, you may want to look for a different version below or search for a different version of it.
Other versions of this item:
- Marina Halac & Pierre Yared, 2022. "Fiscal Rules and Discretion Under Limited Enforcement," Econometrica, Econometric Society, vol. 90(5), pages 2093-2127, September.
- Marina Halac & Pierre Yared, 2019. "Fiscal Rules and Discretion under Limited Enforcement," NBER Working Papers 25463, National Bureau of Economic Research, Inc.
References listed on IDEAS
- Susan Athey & Andrew Atkeson & Patrick J. Kehoe, 2005.
"The Optimal Degree of Discretion in Monetary Policy,"
Econometrica, Econometric Society, vol. 73(5), pages 1431-1475, September.
- Susan Athey & Andrew Atkeson & Patrick J. Kehoe, 2002. "The optimal degree of discretion in monetary policy," Working Papers 626, Federal Reserve Bank of Minneapolis.
- Susan Athey & Andrew Atkeson & Patrick J. Kehoe, 2004. "The optimal degree of discretion in monetary policy," International Finance Discussion Papers 801, Board of Governors of the Federal Reserve System (U.S.).
- Susan Athey & Andrew Atkeson & Patrick Kehoe, 2003. "The Optimal Degree of Discretion in Monetary Policy," NBER Working Papers 10109, National Bureau of Economic Research, Inc.
- Athey, Susan & Atkeson, Andrew & Kehoe, Patrick J., 2004. "The optimal degree of discretion in monetary policy," Working Paper Series 338, European Central Bank.
- Susan Athey & Andrew Atkeson & Patrick J. Kehoe, 2004. "The optimal degree of discretion in monetary policy," Staff Report 326, Federal Reserve Bank of Minneapolis.
- Phelan, Christopher, 1998.
"On the Long Run Implications of Repeated Moral Hazard,"
Journal of Economic Theory, Elsevier, vol. 79(2), pages 174-191, April.
- Christopher Phelan, 2010. "On the Long Run Implications of Repeated Moral Hazard," Levine's Working Paper Archive 2006, David K. Levine.
- Marina Halac & Pierre Yared, 2014.
"Fiscal Rules and Discretion Under Persistent Shocks,"
Econometrica, Econometric Society, vol. 82, pages 1557-1614, September.
- Marina Halac & Pierre Yared, 2014. "Fiscal Rules and Discretion Under Persistent Shocks," Econometrica, Econometric Society, vol. 82(5), pages 1557-1614, September.
- Marina Halac & Pierre Yared, 2012. "Fiscal Rules and Discretion under Persistent Shocks," NBER Working Papers 18545, National Bureau of Economic Research, Inc.
- Halac, Marina & Yared, Pierre, 2012. "Fiscal Rules and Discretion under Persistent Shocks," Economic Research Papers 270535, University of Warwick - Department of Economics.
- Halac, Marina & Yared, Pierre, 2013. "Fiscal Rules and Discretion under Persistent Shocks," The Warwick Economics Research Paper Series (TWERPS) 1014, University of Warwick, Department of Economics.
- Manuel Amador & Iván Werning & George-Marios Angeletos, 2006.
"Commitment vs. Flexibility,"
Econometrica, Econometric Society, vol. 74(2), pages 365-396, March.
- Manuel Amador & Ivan Werning & George-Marios Angeletos, 2003. "Commitment Vs. Flexibility," NBER Working Papers 10151, National Bureau of Economic Research, Inc.
- Manuel Amador & George-Marios Angeletos & Ivan Werning, 2004. "Commitment vs. Flexibility," 2004 Meeting Papers 87, Society for Economic Dynamics.
- Susan Athey & Kyle Bagwell & Chris Sanchirico, 2004.
"Collusion and Price Rigidity,"
The Review of Economic Studies, Review of Economic Studies Ltd, vol. 71(2), pages 317-349.
- Susan Athey & Kyle Bagwell & Chris Sanchirico, 1998. "Collusion and Price Rigidity," Working papers 98-23, Massachusetts Institute of Technology (MIT), Department of Economics.
- Kyle Bagwell, 2004. "Collusion and Price Rigidity," Theory workshop papers 658612000000000081, UCLA Department of Economics.
- Marina Halac & Pierre Yared, 2018.
"Fiscal Rules and Discretion in a World Economy,"
American Economic Review, American Economic Association, vol. 108(8), pages 2305-2334, August.
- Marina Halac & Pierre Yared, 2015. "Fiscal Rules and Discretion in a World Economy," NBER Working Papers 21492, National Bureau of Economic Research, Inc.
- Halac, Marina & Yared, Pierre, 2018. "Fiscal Rules and Discretion in a World Economy," CEPR Discussion Papers 12570, C.E.P.R. Discussion Papers.
- Azzimonti, Marina & Battaglini, Marco & Coate, Stephen, 2016.
"The costs and benefits of balanced budget rules: Lessons from a political economy model of fiscal policy,"
Journal of Public Economics, Elsevier, vol. 136(C), pages 45-61.
- Marina Azzimonti & Marco Battaglini & Stephen Coate, 2015. "The Costs and Benefits of Balanced Budget Rules: Lessons from a Political Economy Model of Fiscal Policy," Department of Economics Working Papers 15-03, Stony Brook University, Department of Economics.
- Marco Battaglini & Stephen Coate, 2008.
"A Dynamic Theory of Public Spending, Taxation, and Debt,"
American Economic Review, American Economic Association, vol. 98(1), pages 201-236, March.
- Marco Battaglini & Steve Coate, 2006. "A Dynamic Theory of Public Spending, Taxation and Debt," Levine's Bibliography 122247000000001094, UCLA Department of Economics.
- Stephen Coate & Marco Battaglini, 2007. "A Dynamic Theory of Public Spending, Taxation and Debt," 2007 Meeting Papers 573, Society for Economic Dynamics.
- Marco Battaglini & Stephen Coate, 2007. "A Dynamic Theory of Public Spending, Taxation and Debt," Discussion Papers 1441, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
- Battaglini, Marco & Coate, Stephen, 2007. "A Dynamic Theory of Public Spending, Taxation and Debt," Working Papers 07-04, Cornell University, Center for Analytic Economics.
- Marco Battaglini & Stephen Coate, 2006. "A Dynamic Theory of Public Spending, Taxation and Debt," NBER Working Papers 12100, National Bureau of Economic Research, Inc.
- Marco Battaglini & Stephen Coate, 2006. "A Dynamic Theory of Public Spending, Taxation and Debt," NajEcon Working Paper Reviews 321307000000000026, www.najecon.org.
- Christian Moser & Pedro Olea de Souza e Silva, 2019.
"Optimal Paternalistic Savings Policies,"
Opportunity and Inclusive Growth Institute Working Papers
17, Federal Reserve Bank of Minneapolis.
- Moser, Christian & Olea de Souza e Silva, Pedro, 2019. "Optimal Paternalistic Savings Policies," MPRA Paper 95383, University Library of Munich, Germany.
- Mrs. Nina Budina & Ms. Andrea Schaechter & Miss Anke Weber & Mr. Tidiane Kinda, 2012. "Fiscal Rules in Response to the Crisis: Toward the "Next-Generation" Rules: A New Dataset," IMF Working Papers 2012/187, International Monetary Fund.
- Torsten Persson & Lars E. O. Svensson, 1989. "Why a Stubborn Conservative would Run a Deficit: Policy with Time-Inconsistent Preferences," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 104(2), pages 325-345.
- John Riley & Richard Zeckhauser, 1983. "Optimal Selling Strategies: When to Haggle, When to Hold Firm," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 98(2), pages 267-289.
- Mark Aguiar & Manuel Amador, 2011.
"Growth in the Shadow of Expropriation,"
The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 126(2), pages 651-697.
- Mark Aguiar & Manuel Amador, 2009. "Growth in the Shadow of Expropriation," NBER Working Papers 15194, National Bureau of Economic Research, Inc.
- Mark Aguiar & Manuel Amador, 2010. "Growth in the Shadow of Expropriation," 2010 Meeting Papers 1194, Society for Economic Dynamics.
- Mark Aguiar & Manuel Amador, 2009. "Growth in the Shadow of Expropriation," Discussion Papers 08-051, Stanford Institute for Economic Policy Research.
- Reuter, Wolf Heinrich, 2019.
"When and why do countries break their national fiscal rules?,"
European Journal of Political Economy, Elsevier, vol. 57(C), pages 125-141.
- Reuter, Wolf Heinrich, 2017. "When and why do countries break their national fiscal rules?," Working Papers 01/2017, German Council of Economic Experts / Sachverständigenrat zur Begutachtung der gesamtwirtschaftlichen Entwicklung.
- Zheng Song & Kjetil Storesletten & Fabrizio Zilibotti, 2012.
"Rotten Parents and Disciplined Children: A Politico‐Economic Theory of Public Expenditure and Debt,"
Econometrica, Econometric Society, vol. 80(6), pages 2785-2803, November.
- Song, Zheng & Storesletten, Kjetil & Zilibotti, Fabrizio, 2007. "Rotten Parents and Disciplined Children: A Politico-Economic Theory of Public Expenditure and Debt," Memorandum 05/2008, Oslo University, Department of Economics.
- Zheng Song & Kjetil Storesletten & Fabrizio Zilibotti, 2007. "Rotten parents and disciplined children: a politico-economic theory of public expenditure and debt," IEW - Working Papers 325, Institute for Empirical Research in Economics - University of Zurich.
- Zilibotti, Fabrizio & Storesletten, Kjetil & Song, Zheng Michael, 2007. "Rotten Parents and Disciplined Children: A Politico-Economic Theory of Public Expenditure and Debt," CEPR Discussion Papers 6359, C.E.P.R. Discussion Papers.
- Zilibotti, Fabrizio & Storesletten, Kjetil & Song, Zheng Michael, 2012. "Rotten Parents and Disciplined Children: A Politico-Economic Theory of Public Expenditure and Debt," CEPR Discussion Papers 8738, C.E.P.R. Discussion Papers.
- Zheng Song & Kjetil Storesletten & Fabrizio Zilibotti, 2007. "Rotten Parents and Disciplined Children: A Politico-Economic Theory of Public Expenditure and Debt," 2007 Meeting Papers 685, Society for Economic Dynamics.
- Zheng Song, 2009. "Rotten Parents and Disciplined Children: A Politico-Economic Theory of Public Expenditure and Debt," 2009 Meeting Papers 94, Society for Economic Dynamics.
- Fuchs, William & Skrzypacz, Andrzej, 2015. "Government interventions in a dynamic market with adverse selection," Journal of Economic Theory, Elsevier, vol. 158(PA), pages 371-406.
- Marina Azzimonti, 2011.
"Barriers to Investment in Polarized Societies,"
American Economic Review, American Economic Association, vol. 101(5), pages 2182-2204, August.
- marina, azzimonti, 2009. "Barriers to investment in polarized societies," MPRA Paper 25936, University Library of Munich, Germany.
- Marina Azzimonti, 2009. "Barriers to investment in polarized societies," 2009 Meeting Papers 1233, Society for Economic Dynamics.
- Andrew Atkeson & Robert E. Lucas, 1992.
"On Efficient Distribution With Private Information,"
The Review of Economic Studies, Review of Economic Studies Ltd, vol. 59(3), pages 427-453.
- Andrew Atkeson & Robert E Lucas, 2010. "On Efficient Distribution with Private Information," Levine's Working Paper Archive 2179, David K. Levine.
- Pierre Yared, 2019.
"Rising Government Debt: Causes and Solutions for a Decades-Old Trend,"
Journal of Economic Perspectives, American Economic Association, vol. 33(2), pages 115-140, Spring.
- Pierre Yared, 2018. "Rising Government Debt: Causes and Solutions for a Decades-Old Trend," NBER Working Papers 24979, National Bureau of Economic Research, Inc.
- Emmanuel Farhi & Iván Werning, 2007.
"Inequality and Social Discounting,"
Journal of Political Economy, University of Chicago Press, vol. 115(3), pages 365-402.
- Emmanuel Farhi & Ivan Werning, "undated". "Inequality and Social Discounting," Working Paper 20937, Harvard University OpenScholar.
- Werning, Ivan & Farhi, Emmanuel, 2007. "Inequality and Social Discounting," Scholarly Articles 3451391, Harvard University Department of Economics.
- Alberto Bisin & Alessandro Lizzeri & Leeat Yariv, 2015.
"Government Policy with Time Inconsistent Voters,"
American Economic Review, American Economic Association, vol. 105(6), pages 1711-1737, June.
- Leeat Yariv & Alessandro Lizzeri & Alberto Bisin, 2012. "Government Policy with Time Inconsistent Voters," 2012 Meeting Papers 92, Society for Economic Dynamics.
- Christopher Sleet & Sevin Yeltekin, 2006.
"Credibility and endogenous societal discounting,"
Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 9(3), pages 410-437, July.
- Christopher Sleet & Sevin Yeltekin, "undated". "Credibility and Endogenous Societal Discounting," GSIA Working Papers 2006-E38, Carnegie Mellon University, Tepper School of Business.
- Yuliy Sannikov, 2007. "Games with Imperfectly Observable Actions in Continuous Time," Econometrica, Econometric Society, vol. 75(5), pages 1285-1329, September.
- Alessandro Dovis & Rishabh Kirpalani, 2017. "Fiscal Rules, Bailouts, and Reputation in Federal Governments," NBER Working Papers 23942, National Bureau of Economic Research, Inc.
- Stefania Albanesi & Christopher Sleet, 2006.
"Dynamic Optimal Taxation with Private Information,"
The Review of Economic Studies, Review of Economic Studies Ltd, vol. 73(1), pages 1-30.
- Sleet, Christopher & Albanesi, Stefania, 2003. "Dynamic Optimal Taxation with Private Information," CEPR Discussion Papers 4006, C.E.P.R. Discussion Papers.
- Stefania Albanesi & Christopher Sleet, 2004. "Dynamic optimal taxation with private information," Discussion Paper / Institute for Empirical Macroeconomics 140, Federal Reserve Bank of Minneapolis.
- Alberto Alesina & Guido Tabellini, 1990.
"A Positive Theory of Fiscal Deficits and Government Debt,"
The Review of Economic Studies, Review of Economic Studies Ltd, vol. 57(3), pages 403-414.
- Tabellini, Guido & Alesina, Alberto, 1990. "A Positive Theory of Fiscal Deficits and Government Debt," Scholarly Articles 3612769, Harvard University Department of Economics.
- Daron Acemoglu & Michael Golosov & Aleh Tsyvinski, 2008.
"Political Economy of Mechanisms,"
Econometrica, Econometric Society, vol. 76(3), pages 619-641, May.
- Daron Acemoglu & Mikhail Golosov & Aleh Tsyvinski, 2007. "Political Economy of Mechanisms," Levine's Bibliography 321307000000000886, UCLA Department of Economics.
- Ambrus, Attila & Egorov, Georgy, 2017. "Delegation and nonmonetary incentives," Journal of Economic Theory, Elsevier, vol. 171(C), pages 101-135.
- Rishabh Kirpalani & Alessandro Dovis, 2017. "Fiscal Rules, Bailouts, and Reputation in Federal Governments," 2017 Meeting Papers 1177, Society for Economic Dynamics.
- Dan Cao & Iván Werning, 2018.
"Saving and Dissaving With Hyperbolic Discounting,"
Econometrica, Econometric Society, vol. 86(3), pages 805-857, May.
- Ivan Werning & Dan Cao, 2017. "Saving and Dissaving with Hyperbolic Discounting," 2017 Meeting Papers 1318, Society for Economic Dynamics.
- Dan Cao & Iván Werning, 2018. "Saving and Dissaving with Hyperbolic Discounting," NBER Working Papers 24257, National Bureau of Economic Research, Inc.
- Facundo Piguillem & Anderson Schneider, 2013. "Coordination, Efficiency and Policy Discretion," EIEF Working Papers Series 1306, Einaudi Institute for Economics and Finance (EIEF), revised Mar 2013.
- Marco Bassetto, 2006.
"Politics and Efficiency of Separating Capital and Ordinary Government Budgets,"
The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 121(4), pages 1167-1210.
- Thomas J. Sargent & Marco Bassetto, 2004. "Politics and Efficiency of Separating Capital and Ordinary Government Budgets," 2004 Meeting Papers 3, Society for Economic Dynamics.
- Marco Bassetto & Thomas J. Sargent, 2005. "Politics and efficiency of separating capital and ordinary Government budgets," Working Paper Series WP-05-07, Federal Reserve Bank of Chicago.
- Marco Bassetto & Thomas Sargent, 2005. "Politics and Efficiency of Separating Capital and Ordinary Government Budgets," NBER Working Papers 11030, National Bureau of Economic Research, Inc.
- Christopher Sleet, 2004. "Optimal Taxation with Private Government Information," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 71(4), pages 1217-1239.
- Tobias Beljean & Alain Geier, 2013. "The Swiss Debt Brake - Has It Been a Success?," Swiss Journal of Economics and Statistics (SJES), Swiss Society of Economics and Statistics (SSES), vol. 149(II), pages 115-135, June.
- Thomas, Jonathan & Worrall, Tim, 1990.
"Income fluctuation and asymmetric information: An example of a repeated principal-agent problem,"
Journal of Economic Theory, Elsevier, vol. 51(2), pages 367-390, August.
- J. Thomas & T. Worrall, 2010. "Income Fluctuations and Asymmetric Information: An Example of the Repeated Principal Agent Problem," Levine's Working Paper Archive 2077, David K. Levine.
- Laura Alfaro, 2016.
"Fiscal Rules and Sovereign Default,"
2016 Meeting Papers
209, Society for Economic Dynamics.
- Laura Alfaro & Fabio Kanczuk, 2017. "Fiscal Rules and Sovereign Default," NBER Working Papers 23370, National Bureau of Economic Research, Inc.
- Stefania Albanesi & Christopher Sleet, 2004. "Dynamic Optimal Taxation with Persistent Private Information," 2004 Meeting Papers 49, Society for Economic Dynamics.
- Matthew O. Jackson & Leeat Yariv, 2015. "Collective Dynamic Choice: The Necessity of Time Inconsistency," American Economic Journal: Microeconomics, American Economic Association, vol. 7(4), pages 150-178, November.
- Matthew O. Jackson & Leeat Yariv, 2014. "Present Bias and Collective Dynamic Choice in the Lab," American Economic Review, American Economic Association, vol. 104(12), pages 4184-4204, December.
- Pierre Yared, 2010. "Politicians, Taxes and Debt," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 77(2), pages 806-840.
- Francesca Caselli & Mr. Philippe Wingender, 2018. "Bunching at 3 Percent: The Maastricht Fiscal Criterion and Government Deficits," IMF Working Papers 2018/182, International Monetary Fund.
- Per Krusell & Burhanettin Kuruşçu & Anthony A. Smith Jr., 2010.
"Temptation and Taxation,"
Econometrica, Econometric Society, vol. 78(6), pages 2063-2084, November.
- Per Krusell & Burhanettin Kuruscu & Anthony A. Smith, Jr., 2000. "Temptation and Taxation," GSIA Working Papers 2001-12, Carnegie Mellon University, Tepper School of Business.
- Alessandro Lizzeri, 1999. "Budget Deficits and Redistributive Politics," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 66(4), pages 909-928.
- Alessandro Dovis & Rishabh Kirpalani, 2020. "Fiscal Rules, Bailouts, and Reputation in Federal Governments," American Economic Review, American Economic Association, vol. 110(3), pages 860-888, March.
- Abreu, Dilip & Pearce, David & Stacchetti, Ennio, 1990. "Toward a Theory of Discounted Repeated Games with Imperfect Monitoring," Econometrica, Econometric Society, vol. 58(5), pages 1041-1063, September.
- Manuel Amador & Kyle Bagwell, 2013. "The Theory of Optimal Delegation With an Application to Tariff Caps," Econometrica, Econometric Society, vol. 81(4), pages 1541-1599, July.
- David Laibson, 1997.
"Golden Eggs and Hyperbolic Discounting,"
The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 112(2), pages 443-478.
- Laibson, David I., 1997. "Golden Eggs and Hyperbolic Discounting," Scholarly Articles 4481499, Harvard University Department of Economics.
- Roger B. Myerson, 1981.
"Optimal Auction Design,"
Mathematics of Operations Research, INFORMS, vol. 6(1), pages 58-73, February.
- Roger B. Myerson, 1978. "Optimal Auction Design," Discussion Papers 362, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Radoslaw Paluszynski & Pei Cheng Yu, 2023.
"Commitment versus Flexibility and Sticky Prices: Evidence from Life Insurance,"
Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 49, pages 99-122, July.
- Radoslaw Paluszynski & Pei Cheng Yu, 2022. "Online Appendix to "Commitment versus Flexibility and Sticky Prices: Evidence from Life Insurance"," Online Appendices 20-112, Review of Economic Dynamics.
- Niklas Potrafke, 2023. "The Economic Consequences of Fiscal Rules," CESifo Working Paper Series 10765, CESifo.
- Carsten Hefeker & Michael Neugart, 2024.
"Policy rules and political polarization,"
Journal of Public Economic Theory, Association for Public Economic Theory, vol. 26(4), August.
- Hefeker, Carsten & Neugart, Michael, 2024. "Policy rules and political polarization," Publications of Darmstadt Technical University, Institute for Business Studies (BWL) 149262, Darmstadt Technical University, Department of Business Administration, Economics and Law, Institute for Business Studies (BWL).
- Carsten Hefeker & Michael Neugart, 2024. "Policy Rules and Political Polarization," CESifo Working Paper Series 11039, CESifo.
- Arawatari, Ryo & Ono, Tetsuo, 2021.
"Public debt rule breaking by time-inconsistent voters,"
European Journal of Political Economy, Elsevier, vol. 69(C).
- Arawatari, Ryo & Ono, Tetsuo, 2019. "Public debt rule breaking by time-inconsistent voters," MPRA Paper 96589, University Library of Munich, Germany.
- Arawatari, Ryo & Ono, Tetsuo, 2019. "Public debt rule breaking by time-inconsistent voters," MPRA Paper 102601, University Library of Munich, Germany, revised 21 Aug 2020.
- Ryo Arawatari & Tetsuo Ono, 2019. "Public debt rule breaking by time-inconsistent voters," Discussion Papers in Economics and Business 19-14, Osaka University, Graduate School of Economics.
- Dotti, Valerio & Janeba, Eckhard, 2023. "Consistent flexibility: Enforcement of deficit rules through political incentives," European Journal of Political Economy, Elsevier, vol. 79(C).
- Feld Lars P. & Reuter Wolf Heinrich & Yeter Mustafa, 2019.
"Öffentliche Investitionen: Die Schuldenbremse ist nicht das Problem,"
Perspektiven der Wirtschaftspolitik, De Gruyter, vol. 20(4), pages 292-303, December.
- Feld, Lars P. & Reuter, Wolf Heinrich & Yeter, Mustafa, 2020. "Öffentliche Investitionen: Die Schuldenbremse ist nicht das Problem," Freiburg Discussion Papers on Constitutional Economics 20/1, Walter Eucken Institut e.V..
- Feld, Lars P. & Reuter, Wolf Heinrich & Yeter, Mustafa, 2020. "Öffentliche Investitionen: Die Schuldenbremse ist nicht das Problem," Working Papers 01/2020, German Council of Economic Experts / Sachverständigenrat zur Begutachtung der gesamtwirtschaftlichen Entwicklung.
- Pagenhardt, Laura & Große Steffen, Christoph & Rieth, Malte, 2021.
"Commited to Flexible Fiscal Rules,"
VfS Annual Conference 2021 (Virtual Conference): Climate Economics
242330, Verein für Socialpolitik / German Economic Association.
- Chistoph Grosse-Steffen & Laura Pagenhardt & Malte Rieth, 2021. "Committed to Flexible Fiscal Rules," Working papers 854, Banque de France.
- Liu, Yan & Wu, Guowei & Xiong, Chen, 2024. "Countercyclical central government transfers incentivize local government overborrowing: Theory and evidence," Economic Modelling, Elsevier, vol. 132(C).
- Robert Kraemer & Jonne Lehtimäki, 2023. "Government debt: the impact of fiscal rules at the European and national level," Empirica, Springer;Austrian Institute for Economic Research;Austrian Economic Association, vol. 50(3), pages 783-805, August.
- Robert Kraemer & Jonne Lehtimäki, 2024. "Government debt, European Institutions and fiscal rules: a synthetic control approach," International Tax and Public Finance, Springer;International Institute of Public Finance, vol. 31(4), pages 1112-1157, August.
- RYO ARAWATARI & Tetsuo Ono, 2024. "Optimal Fiscal Spending and Deviation Rules under Political Uncertainty," Discussion Papers in Economics and Business 24-03, Osaka University, Graduate School of Economics.
- Apeti, Ablam Estel & Bambe, Bao-We-Wal & Combes, Jean-Louis & Edoh, Eyah Denise, 2024.
"Original sin: Fiscal rules and government debt in foreign currency in developing countries,"
Journal of Macroeconomics, Elsevier, vol. 80(C).
- Ablam Estel Apeti & Bao We Wal Bambe & Jean-Louis Combes & Eyah Denise Edoh, 2023. "Original Sin: Fiscal Rules and Government Debt in Foreign Currency in Developing Countries," Working Papers hal-04130477, HAL.
- Díaz-Roldán Carmen & Filho Fernando Ferrari & da Silva Bichara Julimar, 2021. "Fiscal Rules in Economic Crisis: The Trade-off Between Consolidation and Recovery, from a European Perspective," Economics - The Open-Access, Open-Assessment Journal, De Gruyter, vol. 15(1), pages 199-216, January.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Marina Halac & Pierre Yared, 2017.
"Fiscal Rules and Discretion under Self-Enforcement,"
NBER Working Papers
23919, National Bureau of Economic Research, Inc.
- Pierre Yared, 2018. "Fiscal Rules and Discretion under Self-Enforcement," 2018 Meeting Papers 62, Society for Economic Dynamics.
- Halac, Marina & Yared, Pierre, 2018. "Fiscal Rules and Discretion under Self-Enforcement," CEPR Discussion Papers 12571, C.E.P.R. Discussion Papers.
- Marina Halac & Pierre Yared, 2018.
"Fiscal Rules and Discretion in a World Economy,"
American Economic Review, American Economic Association, vol. 108(8), pages 2305-2334, August.
- Marina Halac & Pierre Yared, 2015. "Fiscal Rules and Discretion in a World Economy," NBER Working Papers 21492, National Bureau of Economic Research, Inc.
- Halac, Marina & Yared, Pierre, 2018. "Fiscal Rules and Discretion in a World Economy," CEPR Discussion Papers 12570, C.E.P.R. Discussion Papers.
- Marina Halac & Pierre Yared, 2014.
"Fiscal Rules and Discretion Under Persistent Shocks,"
Econometrica, Econometric Society, vol. 82, pages 1557-1614, September.
- Marina Halac & Pierre Yared, 2014. "Fiscal Rules and Discretion Under Persistent Shocks," Econometrica, Econometric Society, vol. 82(5), pages 1557-1614, September.
- Halac, Marina & Yared, Pierre, 2012. "Fiscal Rules and Discretion under Persistent Shocks," Economic Research Papers 270535, University of Warwick - Department of Economics.
- Marina Halac & Pierre Yared, 2012. "Fiscal Rules and Discretion under Persistent Shocks," NBER Working Papers 18545, National Bureau of Economic Research, Inc.
- Halac, Marina & Yared, Pierre, 2013. "Fiscal Rules and Discretion under Persistent Shocks," The Warwick Economics Research Paper Series (TWERPS) 1014, University of Warwick, Department of Economics.
- Ales, Laurence & Maziero, Pricila & Yared, Pierre, 2014.
"A theory of political and economic cycles,"
Journal of Economic Theory, Elsevier, vol. 153(C), pages 224-251.
- Laurence Ales & Pricila Maziero & Pierre Yared, 2012. "A Theory of Political and Economic Cycles," NBER Working Papers 18354, National Bureau of Economic Research, Inc.
- Facundo Piguillem & Alessandro Riboni, 2021.
"Fiscal Rules as Bargaining Chips [Growth in the Shadow of Expropriation],"
The Review of Economic Studies, Review of Economic Studies Ltd, vol. 88(5), pages 2439-2478.
- Facundo Piguillem & Alessandro Riboni, 2018. "Fiscal Rules as Bargaining Chips," 2018 Meeting Papers 732, Society for Economic Dynamics.
- Piguillem, Facundo & Riboni, Alessandro, 2020. "Fiscal Rules as Bargaining Chips," CEPR Discussion Papers 14682, C.E.P.R. Discussion Papers.
- Facundo Piguillem & Alessandro Riboni, 2018. "Fiscal Rules as Bargaining Chips," Working Papers 2018-02, Center for Research in Economics and Statistics.
- Facundo Piguillem & Alessandro Riboni, 2018. "Fiscal Rules as Bargaining Chips," EIEF Working Papers Series 1804, Einaudi Institute for Economics and Finance (EIEF), revised Mar 2018.
- Alesina, A. & Passalacqua, A., 2016.
"The Political Economy of Government Debt,"
Handbook of Macroeconomics, in: J. B. Taylor & Harald Uhlig (ed.), Handbook of Macroeconomics, edition 1, volume 2, chapter 0, pages 2599-2651,
Elsevier.
- Alberto Alesina & Andrea Passalacqua, 2015. "The Political Economy of Government Debt," NBER Working Papers 21821, National Bureau of Economic Research, Inc.
- Marcela De Castro-Valderrama, 2021. "Present-biased Government, Creative Accounting and a Pitfall in Balanced Budget Rules," Borradores de Economia 1183, Banco de la Republica de Colombia.
- Panizza, Ugo & Fatás, Antonio & Ghosh, Atish R. & ,, 2019.
"The Motives to Borrow,"
CEPR Discussion Papers
13735, C.E.P.R. Discussion Papers.
- A. Fatas & Mr. Atish R. Ghosh & Ugo Panizza & Mr. Andrea F Presbitero, 2019. "The Motives to Borrow," IMF Working Papers 2019/101, International Monetary Fund.
- Marco Bassetto & Leslie McGranahan, 2021.
"Mobility, Population Growth, and Public Capital Spending in the United States,"
Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 41, pages 255-277, July.
- Marco Bassetto & Leslie McGranahan, 2021. "Online Appendix to "Mobility, Population Growth, and Public Capital Spending in the United States"," Online Appendices 20-27, Review of Economic Dynamics.
- Chistoph Grosse-Steffen & Laura Pagenhardt & Malte Rieth, 2021.
"Committed to Flexible Fiscal Rules,"
Working papers
854, Banque de France.
- Pagenhardt, Laura & Große Steffen, Christoph & Rieth, Malte, 2021. "Commited to Flexible Fiscal Rules," VfS Annual Conference 2021 (Virtual Conference): Climate Economics 242330, Verein für Socialpolitik / German Economic Association.
- Laura Alfaro, 2016.
"Fiscal Rules and Sovereign Default,"
2016 Meeting Papers
209, Society for Economic Dynamics.
- Laura Alfaro & Fabio Kanczuk, 2017. "Fiscal Rules and Sovereign Default," NBER Working Papers 23370, National Bureau of Economic Research, Inc.
- Alexandre B Cunha & Emanuel Ornelas, 2018.
"The Limits of Political Compromise: Debt Ceilings and Political Turnover,"
Journal of the European Economic Association, European Economic Association, vol. 16(3), pages 781-824.
- Alexandre B. Cunha & Emanuel Ornelas, 2017. "The Limits of Political Compromise: Debt Ceilings and Political Turnover," CESifo Working Paper Series 6429, CESifo.
- Ornelas, Emanuel & Cunha, Alexandre B., 2017. "The Limits of Political Compromise: Debt Ceilings and Political Turnover," CEPR Discussion Papers 11945, C.E.P.R. Discussion Papers.
- Christian Moser & Pedro Olea de Souza e Silva, 2019.
"Optimal Paternalistic Savings Policies,"
Opportunity and Inclusive Growth Institute Working Papers
17, Federal Reserve Bank of Minneapolis.
- Moser, Christian & Olea de Souza e Silva, Pedro, 2019. "Optimal Paternalistic Savings Policies," MPRA Paper 95383, University Library of Munich, Germany.
- Dotti, Valerio & Janeba, Eckhard, 2023. "Consistent flexibility: Enforcement of deficit rules through political incentives," European Journal of Political Economy, Elsevier, vol. 79(C).
- Waki, Yuichiro & Dennis, Richard & Fujiwara, Ippei, 2018.
"The optimal degree of monetary-discretion in a New Keynesian model with private information,"
Theoretical Economics, Econometric Society, vol. 13(3), September.
- Yuichio Waki & Richard Dennis & Ippei Fujiwara, 2015. "The Optimal Degree of Monetary-Discretion in a New Keynesian Model with Private Information," Working Papers 2015_02, Business School - Economics, University of Glasgow.
- YuichiroWaki & Richard Dennis & Ippei Fujiwara, 2015. "The Optimal Degree of Monetary-Discretion in a New Keynesian Model with Private Information," UTokyo Price Project Working Paper Series 044, University of Tokyo, Graduate School of Economics.
- Waki, Yuichiro & Dennis, Richard & Fujiwara, Ippei, 2015. "The Optimal Degree of Monetary-Discretion in a New Keynesian Model with Private Information," SIRE Discussion Papers 2015-66, Scottish Institute for Research in Economics (SIRE).
- Richard Dennis & Ippei Fujiwara & Yuichiro Waki, 2017. "The Optimal Degree of Monetary-Discretion in a New Keynesian Model with Private Information," Globalization Institute Working Papers 320, Federal Reserve Bank of Dallas.
- WAKI Yuichiro & Richard DENNIS & FUJIWARA Ippei, 2015. "The Optimal Degree of Monetary-Discretion in a New Keynesian Model with Private Information," Discussion papers 15007, Research Institute of Economy, Trade and Industry (RIETI).
- Marina Halac & Pierre Yared, 2016.
"Commitment vs. Flexibility with Costly Verification,"
NBER Working Papers
22936, National Bureau of Economic Research, Inc.
- Halac, Marina & Yared, Pierre, 2018. "Commitment vs. Flexibility with Costly Verification," CEPR Discussion Papers 12572, C.E.P.R. Discussion Papers.
- Niklas Potrafke, 2023. "The Economic Consequences of Fiscal Rules," CESifo Working Paper Series 10765, CESifo.
- Galperti, Simone, 2019. "A theory of personal budgeting," Theoretical Economics, Econometric Society, vol. 14(1), January.
- Roozbeh Hosseini & Larry E. Jones & Ali Shourideh, 2009.
"Risk Sharing, Inequality and Fertility,"
NBER Working Papers
15111, National Bureau of Economic Research, Inc.
- Larry E. Jones & Ali Shourideh & Roozbeh Hosseini, 2010. "Risk Sharing, Inequality, and Fertility," 2010 Meeting Papers 948, Society for Economic Dynamics.
- Roozbeh Hosseini & Larry E. Jones & Ali Shourideh, 2009. "Risk sharing, inequality, and fertility," Working Papers 674, Federal Reserve Bank of Minneapolis.
- Larry Jones & Ali Shourideh & Roozbeh Hosseini, 2009. "Risk Sharing, Inequality and Fertility," 2009 Meeting Papers 153, Society for Economic Dynamics.
- Bowen, T. Renee & Chen, Ying & Eraslan, Hülya & Zápal, Jan, 2017.
"Efficiency of flexible budgetary institutions,"
Journal of Economic Theory, Elsevier, vol. 167(C), pages 148-176.
- Bowen, T. Renee & Chen, Ying & Eraslan, Hulya & Zapal, Jan, 2014. "Efficiency of Flexible Budgetary Institutions," Working Papers 14-031, Rice University, Department of Economics.
- T. Renee Bowen & Ying Chen & Hülya K. Eraslan & Jan Zápal, 2016. "Efficiency of Flexible Budgetary Institutions," NBER Working Papers 22457, National Bureau of Economic Research, Inc.
- T. Renee Bowen & Ying Chen & Hulya Eraslan & Jan Zapal, 2015. "Efficiency of Flexible Budgetary Institutions," Koç University-TUSIAD Economic Research Forum Working Papers 1516, Koc University-TUSIAD Economic Research Forum.
- Bowen, T. Renee & Chen, Ying & Eraslan, Hulya & Zapal, Jan, 2015. "Efficiency of Flexible Budgetary Institutions," Working Papers 15-003, Rice University, Department of Economics.
- Bowen, T. Renee & Chen, Ying & Eraslan, Hulya & Zapal, Jan, 2015. "Efficiency of Flexible Budgetary Institutions," Research Papers 3185, Stanford University, Graduate School of Business.
- Ying Chen & Jan Zapal & Hulya Eraslan & Renee Bowen, 2015. "Efficiency of Flexible Budgetary Institutions," 2015 Meeting Papers 843, Society for Economic Dynamics.
- T. Renee Bowen & Ying Chen & Hulya Eraslan & Jan Zapal, 2016. "Efficiency of Flexible Budgetary Institutions," CERGE-EI Working Papers wp570, The Center for Economic Research and Graduate Education - Economics Institute, Prague.
More about this item
Keywords
Private information; Fiscal policy; Deficit bias; Enforcement constraints;All these keywords.
JEL classification:
- C73 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Stochastic and Dynamic Games; Evolutionary Games
- D02 - Microeconomics - - General - - - Institutions: Design, Formation, Operations, and Impact
- D82 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Asymmetric and Private Information; Mechanism Design
- E6 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook
- H1 - Public Economics - - Structure and Scope of Government
- P16 - Political Economy and Comparative Economic Systems - - Capitalist Economies - - - Capitalist Institutions; Welfare State
NEP fields
This paper has been announced in the following NEP Reports:- NEP-MAC-2020-07-27 (Macroeconomics)
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:cpr:ceprdp:14218. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: the person in charge (email available below). General contact details of provider: https://www.cepr.org .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.