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Fiscal rules, growth and employment : a developing country perspective

Author

Listed:
  • Ray, Nikhil.
  • Velasquez, Agustin.
  • Islam, Iyanatul,

Abstract

The paper argues that fiscal rules – which have become popular in recent years - need to be re-examined from a development perspective. The original set of fiscal rules inspired by the European Union’s Stability and Growth Pact were too simplistic and not adapted to developing country circumstances.

Suggested Citation

  • Ray, Nikhil. & Velasquez, Agustin. & Islam, Iyanatul,, 2015. "Fiscal rules, growth and employment : a developing country perspective," ILO Working Papers 994881313402676, International Labour Organization.
    • Handle: RePEc:ilo:ilowps:994881313402676
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    File URL: http://www.ilo.org/public/libdoc/ilo/2015/115B09_94_engl.pdf
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    References listed on IDEAS

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    Cited by:

    1. Gladys Awinpoak Abindaw Nabieu & Godfred Alufar Bokpin & Achampong Kofi Osei & Patrick Opoku Asuming, 2021. "Fiscal rules, fiscal performance and economic growth in Sub‐Saharan Africa," African Development Review, African Development Bank, vol. 33(4), pages 607-619, December.
    2. repec:spo:wpmain:info:hdl:2441/eul7jlnf19iq8tdp0vlfv63n5 is not listed on IDEAS
    3. Francesco Saraceno, 2017. "Rethinking fiscal policy : lessons from the european monetary union," SciencePo Working papers Main hal-03457591, HAL.
    4. repec:hal:spmain:info:hdl:2441/eul7jlnf19iq8tdp0vlfv63n5 is not listed on IDEAS
    5. Iyanatul Islam, 2018. "Fiscal Consolidation, Growth and Employment: International Evidence and Implications for India," The Indian Journal of Labour Economics, Springer;The Indian Society of Labour Economics (ISLE), vol. 61(1), pages 105-130, March.
    6. Klaus Schmidt-Hebbel, 2019. "Macroeconomic Institutions: Lessons from World Experience for MENA Countries," Working Papers 1311, Economic Research Forum, revised 21 Aug 2019.
    7. Francesco Saraceno, 2017. "Rethinking fiscal policy : lessons from the european monetary union," Working Papers hal-03457591, HAL.

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