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The role of fiscal rules and institutions in shaping budgetary outcomes

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  • J. Ayuso-i-Casals
  • S. Deroose
  • E. Flores
  • L. Moulin

Abstract

The Workshop "The role of fiscal rules and institutions in shaping budgetary outcomes" organized by the Directorate-General for Economic and Financial affairs of the European Commission on 24 November 2006 in Brussels aimed at enriching the debate on the fiscal arrangements and improving the understanding of their functioning. This Economic Paper contains all the paper presented in this event that was organised in four sessions. A first set of papers mainly focus on the impact of numerical fiscal rules on budgetary outturns. Other paper deal primarily with the appropriate design of fiscal rules and institutions. An additional group of papers addresses the relationship between the fiscal governance approach adopted by the EU Member States and their institutional and political frameworks. Finally the remaining presentations relate more directly to policy experiences.Â

Suggested Citation

  • J. Ayuso-i-Casals & S. Deroose & E. Flores & L. Moulin, 2007. "The role of fiscal rules and institutions in shaping budgetary outcomes," European Economy - Economic Papers 2008 - 2015 275, Directorate General Economic and Financial Affairs (DG ECFIN), European Commission.
    • Handle: RePEc:euf:ecopap:0275
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    Cited by:

    1. Nerlich, Carolin & Reuter, Wolf Heinrich, 2013. "The design of national fiscal frameworks and their budgetary impact," Working Paper Series 1588, European Central Bank.
    2. Heiko T. Burret & Lars P. Feld, 2018. "Vertical effects of fiscal rules: the Swiss experience," International Tax and Public Finance, Springer;International Institute of Public Finance, vol. 25(3), pages 673-721, June.
    3. Guerguil, Martine & Mandon, Pierre & Tapsoba, René, 2017. "Flexible fiscal rules and countercyclical fiscal policy," Journal of Macroeconomics, Elsevier, vol. 52(C), pages 189-220.
    4. Simon Wren-Lewis, 2011. "Fiscal Councils: The UK Office for Budget Responsibility," ifo DICE Report, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 9(03), pages 50-53, October.
    5. Étienne Farvaque & Martial Foucault & Marcelin Joanis, 2015. "L’endettement public des provinces canadiennes : Les règles d’équilibre budgétaire sont-elles efficaces?," CIRANO Working Papers 2015s-10, CIRANO.
    6. Calmfors, Lars, 2010. "THE SWEDISH FISCAL POLICY COUNCIL – Experiences and Lessons," Seminar Papers 764, Stockholm University, Institute for International Economic Studies.
    7. repec:ces:ifodic:v:9:y:2011:i:3:p:50-53 is not listed on IDEAS
    8. Reuter, Wolf Heinrich, 2015. "National numerical fiscal rules: Not complied with, but still effective?," European Journal of Political Economy, Elsevier, vol. 39(C), pages 67-81.
    9. Burret, Heiko T. & Feld, Lars P., 2018. "(Un-)intended effects of fiscal rules," European Journal of Political Economy, Elsevier, vol. 52(C), pages 166-191.
    10. Lars P. Feld & Alexander Kalb & Marc-Daniel Moessinger & Steffen Osterloh, 2013. "Sovereign Bond Market Reactions to Fiscal Rules and No-Bailout Clauses - The Swiss Experience," CESifo Working Paper Series 4195, CESifo.
    11. Ananya Kotia & Victor Duarte Lledo, 2016. "Do Subnational Fiscal Rules Foster Fiscal Discipline? New Empirical Evidence from Europe," IMF Working Papers 2016/084, International Monetary Fund.
    12. Daniele Franco (editor), 2012. "Rules and institutions for sound fiscal policy after the crisis," Workshop and Conferences 11, Bank of Italy, Economic Research and International Relations Area.
    13. repec:ces:ifodic:v:9:y:2011:i:3:p:16752099 is not listed on IDEAS
    14. Simon Wren-Lewis, 2011. "Comparing the delegation of monetary and fiscal policy," Economics Series Working Papers 540, University of Oxford, Department of Economics.
    15. Cezara Vinturis, 2019. "A multi-speed fiscal Europe? Fiscal Rules and Fiscal Performance in the EU Former Communist Countries," Working Papers hal-03097483, HAL.
    16. Jakob Haan & Richard Jong-A-Pin & Jochen Mierau, 2013. "Do budgetary institutions mitigate the common pool problem? New empirical evidence for the EU," Public Choice, Springer, vol. 156(3), pages 423-441, September.
    17. Ada Cristina MARINESCU, 2017. "Debt Sustainability and Fiscal Policy Rules in the European Union," Hyperion Economic Journal, Faculty of Economic Sciences, Hyperion University of Bucharest, Romania, vol. 5(4), pages 41-47, December.
    18. Simon Wren-Lewis, 2011. "Fiscal Councils: The UK Office for Budget Responsibility," CESifo DICE Report, Ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 9(3), pages 50-54, October.
    19. Heiko T. Burret & Lars P. Feld, 2016. "Effects of Fiscal Rules - 85 Years' Experience in Switzerland," CESifo Working Paper Series 6063, CESifo.

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