Second-Generation Fiscal Rules : Balancing Simplicity, Flexibility, and Enforceability /

Fiscal rule frameworks have evolved significantly in response to the global financial crisis. Many countries have reformed their fiscal rules or introduced new ones with a view to enhancing the credibility of fiscal policy and providing a medium-term anchor. Enforcement and monitoring mechanisms hav...

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Detalles Bibliográficos
Clasificación:Libro Electrónico
Otros Autores: Eyraud, Luc
Formato: Electrónico eBook
Idioma:Inglés
Publicado: [Place of publication not identified] International Monetary Fund, 2018.
Temas:
Finance, Public > Law and legislation.
Finance, Public > Law and legislation
Acceso en línea:Texto completo

MARC

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520 3 |a Fiscal rule frameworks have evolved significantly in response to the global financial crisis. Many countries have reformed their fiscal rules or introduced new ones with a view to enhancing the credibility of fiscal policy and providing a medium-term anchor. Enforcement and monitoring mechanisms have also been upgraded. However, these innovations have made the systems of rules more complicated to operate, while compliance has not improved. The SDN takes stock of past experiences, reviews recent reforms, and presents new research on the effectiveness of rules. It also proposes guiding principles for future reforms to strike a better balance between simplicity, flexibility, and enforceability. <a href="https://blogs.imf.org/2018/04/13/fiscal-rules-make-them-easy-to-love-and-hard-to-cheat/">Read the blog</a>. 
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