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What role for fiscal rules in the EU former communist countries?
[Quel rôle pour les règles budgétaires dans les anciens pays communistes de l’UE ?]

Author

Listed:
  • Cezara Vinturis

    (CERDI - Centre d'Études et de Recherches sur le Développement International - IRD - Institut de Recherche pour le Développement - CNRS - Centre National de la Recherche Scientifique - UCA - Université Clermont Auvergne)

Abstract

This paper shows that, contrary to their favourable effect in the EU non-FCC (Former Communist Countries), fiscal rules are found not to significantly affect fiscal performance in the group of EU FCC. This finding is robust when considering various estimation methods, dividing fiscal rules along various dimensions, and using several observed and computed measures of fiscal performance. In addition, an improvement of the strength of fiscal rules is found to significantly affect fiscal performance in EU FCC, with a magnitude higher than that in EU non-FCC. These findings are particularly important from the perspective of the future Euro zone and EU enlargements.

Suggested Citation

  • Cezara Vinturis, 2021. "What role for fiscal rules in the EU former communist countries? [Quel rôle pour les règles budgétaires dans les anciens pays communistes de l’UE ?]," Post-Print hal-03509445, HAL.
    • Handle: RePEc:hal:journl:hal-03509445
    Note: View the original document on HAL open archive server: https://uca.hal.science/hal-03509445
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    Keywords

    fiscal rules; fiscal performance; comunist countries;
    All these keywords.

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