This volume contributes to empirical research on the role of national fiscal rules and institutions in shaping fiscal policies. It provides original, policy-oriented analysis on a number of questions and gives illuminating conclusions about the devices which promote sound and sustainable policy. Contributors are leading experts.
This volume contributes to empirical research on the role of national fiscal rules and institutions in shaping fiscal policies. It provides original, policy-oriented analysis on a number of questions and gives illuminating conclusions about the devices which promote sound and sustainable policy. Contributors are leading experts.
Edited By Joaquim Ayuso-i-Casals, Servaas Deroose, Elena Flores and Laurent Moulin
Inhaltsangabe
List of Tables List of Figures Foreword Acknowledgements List of Contributors Introduction; J.Ayuso-i-Casals, S.Deroose, E.Flores & L.Moulin PART I: FISCAL RULES AND INSTITUTIONS AS USEFUL DEVICES TO ADDRESS THE DEFICIT BIAS Dealing With the Deficit Bias: Principles and Policies; S.Krogstrup & C.Wyplosz The Discipline-enhancing Role of Fiscal Institutions: Theory and Empirical Evidence; X.Debrun & M.S.Kumar The Surplus Factor; T.Broesens & P.Wierts Comments on Part I; C.Martinez Mongay PART II: FORMS OF GOVERNANCE, RULES AND INSTITUTIONS The Design of Fiscal Rules and Forms of Governance in European Union Countries; M.Hallerberg, R.Strauch & J.von Hagen National Fiscal Institutions and the Stability and Growth Pact: Are 'Delegation States' at a Disadvantage?; D.Hodson Comments on Part II; C.Wyplosz PART III: SPECIFIC INSTITUTIONAL ARRANGEMENTS TO IMPROVE FISCAL POLICY Rainy Day Funds: Can They Make a Difference in Europe?; F.Balassone, D.Franco & S.Zotteri Beyond the SGP: Features and Effects of EU National-level Fiscal Rules; J.Ayuso-i-Casals, D.González, L.Moulin & A.Turrini Who Provides Signals to Voters About Government Competence on Fiscal Matters? The Importance of Independent Watchdogs; E.Stéclebout-Orseau & M.Hallerberg Optimal Debt Policy and an Institutional Proposal to Help in its Implementation; T.Kirsanova, C.Leith & S.Wren-Lewis Comments on Part III; T.Ter-Minassian PART IV: COUNTRY SPECIFIC EXPERIENCES The Swedish Budget 'Model': A Genuine Beauty or in Need of a Face Lift?; R.Boije & J.Fisher Fiscal Councils, Independent Forecasts and the Budgetary Process: Lessons from the Belgian Case; I.Lebrun Comments on Part IV; L.Jonung Notes Bibliography Index
List of Tables List of Figures Foreword Acknowledgements List of Contributors Introduction; J.Ayuso-i-Casals, S.Deroose, E.Flores & L.Moulin PART I: FISCAL RULES AND INSTITUTIONS AS USEFUL DEVICES TO ADDRESS THE DEFICIT BIAS Dealing With the Deficit Bias: Principles and Policies; S.Krogstrup & C.Wyplosz The Discipline-enhancing Role of Fiscal Institutions: Theory and Empirical Evidence; X.Debrun & M.S.Kumar The Surplus Factor; T.Broesens & P.Wierts Comments on Part I; C.Martinez Mongay PART II: FORMS OF GOVERNANCE, RULES AND INSTITUTIONS The Design of Fiscal Rules and Forms of Governance in European Union Countries; M.Hallerberg, R.Strauch & J.von Hagen National Fiscal Institutions and the Stability and Growth Pact: Are 'Delegation States' at a Disadvantage?; D.Hodson Comments on Part II; C.Wyplosz PART III: SPECIFIC INSTITUTIONAL ARRANGEMENTS TO IMPROVE FISCAL POLICY Rainy Day Funds: Can They Make a Difference in Europe?; F.Balassone, D.Franco & S.Zotteri Beyond the SGP: Features and Effects of EU National-level Fiscal Rules; J.Ayuso-i-Casals, D.González, L.Moulin & A.Turrini Who Provides Signals to Voters About Government Competence on Fiscal Matters? The Importance of Independent Watchdogs; E.Stéclebout-Orseau & M.Hallerberg Optimal Debt Policy and an Institutional Proposal to Help in its Implementation; T.Kirsanova, C.Leith & S.Wren-Lewis Comments on Part III; T.Ter-Minassian PART IV: COUNTRY SPECIFIC EXPERIENCES The Swedish Budget 'Model': A Genuine Beauty or in Need of a Face Lift?; R.Boije & J.Fisher Fiscal Councils, Independent Forecasts and the Budgetary Process: Lessons from the Belgian Case; I.Lebrun Comments on Part IV; L.Jonung Notes Bibliography Index
List of Tables List of Figures Foreword Acknowledgements List of Contributors Introduction; J.Ayuso-i-Casals, S.Deroose, E.Flores & L.Moulin PART I: FISCAL RULES AND INSTITUTIONS AS USEFUL DEVICES TO ADDRESS THE DEFICIT BIAS Dealing With the Deficit Bias: Principles and Policies; S.Krogstrup & C.Wyplosz The Discipline-enhancing Role of Fiscal Institutions: Theory and Empirical Evidence; X.Debrun & M.S.Kumar The Surplus Factor; T.Broesens & P.Wierts Comments on Part I; C.Martinez Mongay PART II: FORMS OF GOVERNANCE, RULES AND INSTITUTIONS The Design of Fiscal Rules and Forms of Governance in European Union Countries; M.Hallerberg, R.Strauch & J.von Hagen National Fiscal Institutions and the Stability and Growth Pact: Are 'Delegation States' at a Disadvantage?; D.Hodson Comments on Part II; C.Wyplosz PART III: SPECIFIC INSTITUTIONAL ARRANGEMENTS TO IMPROVE FISCAL POLICY Rainy Day Funds: Can They Make a Difference in Europe?; F.Balassone, D.Franco & S.Zotteri Beyond the SGP: Features and Effects of EU National-level Fiscal Rules; J.Ayuso-i-Casals, D.González, L.Moulin & A.Turrini Who Provides Signals to Voters About Government Competence on Fiscal Matters? The Importance of Independent Watchdogs; E.Stéclebout-Orseau & M.Hallerberg Optimal Debt Policy and an Institutional Proposal to Help in its Implementation; T.Kirsanova, C.Leith & S.Wren-Lewis Comments on Part III; T.Ter-Minassian PART IV: COUNTRY SPECIFIC EXPERIENCES The Swedish Budget 'Model': A Genuine Beauty or in Need of a Face Lift?; R.Boije & J.Fisher Fiscal Councils, Independent Forecasts and the Budgetary Process: Lessons from the Belgian Case; I.Lebrun Comments on Part IV; L.Jonung Notes Bibliography Index
List of Tables List of Figures Foreword Acknowledgements List of Contributors Introduction; J.Ayuso-i-Casals, S.Deroose, E.Flores & L.Moulin PART I: FISCAL RULES AND INSTITUTIONS AS USEFUL DEVICES TO ADDRESS THE DEFICIT BIAS Dealing With the Deficit Bias: Principles and Policies; S.Krogstrup & C.Wyplosz The Discipline-enhancing Role of Fiscal Institutions: Theory and Empirical Evidence; X.Debrun & M.S.Kumar The Surplus Factor; T.Broesens & P.Wierts Comments on Part I; C.Martinez Mongay PART II: FORMS OF GOVERNANCE, RULES AND INSTITUTIONS The Design of Fiscal Rules and Forms of Governance in European Union Countries; M.Hallerberg, R.Strauch & J.von Hagen National Fiscal Institutions and the Stability and Growth Pact: Are 'Delegation States' at a Disadvantage?; D.Hodson Comments on Part II; C.Wyplosz PART III: SPECIFIC INSTITUTIONAL ARRANGEMENTS TO IMPROVE FISCAL POLICY Rainy Day Funds: Can They Make a Difference in Europe?; F.Balassone, D.Franco & S.Zotteri Beyond the SGP: Features and Effects of EU National-level Fiscal Rules; J.Ayuso-i-Casals, D.González, L.Moulin & A.Turrini Who Provides Signals to Voters About Government Competence on Fiscal Matters? The Importance of Independent Watchdogs; E.Stéclebout-Orseau & M.Hallerberg Optimal Debt Policy and an Institutional Proposal to Help in its Implementation; T.Kirsanova, C.Leith & S.Wren-Lewis Comments on Part III; T.Ter-Minassian PART IV: COUNTRY SPECIFIC EXPERIENCES The Swedish Budget 'Model': A Genuine Beauty or in Need of a Face Lift?; R.Boije & J.Fisher Fiscal Councils, Independent Forecasts and the Budgetary Process: Lessons from the Belgian Case; I.Lebrun Comments on Part IV; L.Jonung Notes Bibliography Index
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