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Fiscal anchors and sustainable fiscal policy

Author

Listed:
  • Krige Siebrits
  • Estian Calitz

Abstract

This paper discusses the rationale and options for a fiscal anchor for South Africa and its potential for restoring and maintaining fiscal sustainability. It argues that a well designed fiscal anchor can be useful in the current fiscal milieu, but notes that the popularity of fiscal rules belies an uneven record and doubts about their efficacy.

Suggested Citation

  • Krige Siebrits & Estian Calitz, 2023. "Fiscal anchors and sustainable fiscal policy," WIDER Working Paper Series wp-2023-98, World Institute for Development Economic Research (UNU-WIDER).
    • Handle: RePEc:unu:wpaper:wp-2023-98
    as

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    File URL: https://www.wider.unu.edu/sites/default/files/Publications/Working-paper/PDF/wp2023-98-fiscal-anchors-sustainable-fiscal-policy.pdf
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    References listed on IDEAS

    as
    1. Michal Brzozowski & Joanna Siwinska Gorzelak, 2010. "The impact of fiscal rules on fiscal policy volatility," Journal of Applied Economics, Universidad del CEMA, vol. 13, pages 205-231, November.
    2. Beetsma, Roel & Debrun, Xavier & Fang, Xiangming & Kim, Young & Lledó, Victor & Mbaye, Samba & Zhang, Xiaoxiao, 2019. "Independent fiscal councils: Recent trends and performance," European Journal of Political Economy, Elsevier, vol. 57(C), pages 53-69.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Fiscal policy; Fiscal sustainability; South Africa; Rules;
    All these keywords.

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