Since 2014
Fiscal Rules Introduction: An overview and selected open issues
Journal of Contemporary Issues in Economics and Business
View Archive Info| Field | Value | |
| Title |
Fiscal Rules Introduction: An overview and selected open issues
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| Creator |
Kešeljević, Aleksandar; Univerza v Ljubljani, Ekonomska fakulteta
Aristovnik, Aleksander; Univerza v Ljubljani, Fakulteta za upravo |
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| Subject |
Economy
fiscal rules; fiscal policy; OECD; IMF |
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| Description |
Fiscal rule can be defined as a permanent restriction for fiscal policy, specified byan indicator of fiscal spending. Fiscal rules vary greatly in terms of their respectiveforms. Therefore, the key purpose of this paper is to provide an in-depth accountof the problems and dilemmas appearing upon the introduction of different fiscalrules. The five most common forms of fiscal rules are analyzed from the aspectof fiscal consolidation and economic stabilization. The authors describe the requirementsfor greater effectiveness of fiscal rules and discuss the reasons against theirimplementation. The final chapter includes a political-economic analysis of the trade-off between government credibility and flexibility in the fiscal policy, a reviewof different institutional frameworks, penalties and exemptions, and a reflection onwhat time can be deemed (un)suitable for introducing a fiscal rule.
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| Publisher |
Faculty of Economics and Business
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| Contributor |
—
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| Date |
2013-08-31
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| Type |
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion — |
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| Format |
application/pdf
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| Identifier |
http://ng-epf.si/index.php/ngoe/article/view/38
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| Source |
Naše gospodarstvo/Our economy; Vol 59, No 3-4 (2013); 58-66
2385-8052 0547-3101 |
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| Language |
eng
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| Relation |
http://ng-epf.si/index.php/ngoe/article/view/38/35
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| Rights |
Copyright (c) 2015 Naše gospodarstvo/Our economy
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