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Fiscal rules in response to the crisis : toward the "next generation" rules : a new dataset
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| 자료유형 | 단행본 |
|---|---|
| 서명/저자사항 | Fiscal rules in response to the crisis : toward the "next generation" rules : a new dataset/ prepared by Andrea Schaechter [and others]. |
| 개인저자 | Schaechter, Andrea,author, |
| 단체저자명 | International Monetary Fund. Fiscal Affairs Department. |
| 발행사항 | [Washington, D.C.]: International Monetary Fund, ?012. |
| 형태사항 | 1 online resource (49 pages). |
| 총서사항 | IMF working paper;WP/12/187 |
| ISBN | 9781475598933 1475598939 |
| 일반주기 |
Title from PDF title page (IMF Web site, viewed Jul. 25, 2012).
"Fiscal Affairs Department." "July 2012." |
| 서지주기 | Includes bibliographical references. |
| 요약 | Strengthening fiscal frameworks, in particular fiscal rules, has emerged as a key response to the fiscal legacy of the crisis. This paper takes stock of fiscal rules in use around the world, compiles a dataset - covering national and supranational fiscal rules, in 81 countries from 1985 to end-March 2012 - and presents details about the rules' key design elements, particularly in support of enforcement. This information is summarized in a set of fiscal rules indices. Three key findings emerge: (i) many new fiscal rules have been adopted and existing ones strengthened in response to the crisis; (ii) the number of fiscal rules and the comprehensiveness of the design features in emerging economies has caught up to those in advanced economies; and (iii) the "next-generation" fiscal rules are increasingly complex as they combine the objectives of sustainability and with the need for flexibility in response to shocks, thereby creating new challenges for implementation, communication, and monitoring. |
| 주제명(회의명) | Global Financial Crisis (2008-2009) fast |
| 일반주제명 | Fiscal policy. Global Financial Crisis, 2008-2009. BUSINESS & ECONOMICS --Public Finance. Fiscal policy. |
| 언어 | 영어 |
| 바로가기 |  |
