Read Evaluating Designs for a Fiscal Rule in Bulgaria

Evaluating Designs for a Fiscal Rule in Bulgaria

Jochen R. Andritzky

4.9/5 (27789 ratings)

Description:The enhanced Stability and Growth Pact calls on euro area members and aspirants to set boundaries to fiscal deficits through high-level legislation. A limit on the deficit, such as the deficit ceiling in Bulgaria's organic budget law, serves to protect solvency. The recent crisis clearly indicated that the key challenges are not only to contain the deficit but also to avoid a procyclical stance during upswings and to build a buffer for rainy days. Ideally, fiscal policymaking is guided by a fiscal rule that adapts through the economic cycle. This paper lays out the objectives of fiscal rules and analyzes how these objectives can be met in Bulgaria through either a growth-adjusted balance rule or an expenditure rule complemented by a deficit ceiling.We have made it easy for you to find a PDF Ebooks without any digging. And by having access to our ebooks online or by storing it on your computer, you have convenient answers with Evaluating Designs for a Fiscal Rule in Bulgaria. To get started finding Evaluating Designs for a Fiscal Rule in Bulgaria, you are right to find our website which has a comprehensive collection of manuals listed.
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Pages: 27

Format: PDF, EPUB & Kindle Edition

Publisher: International Monetary Fund

Release: 2011

ISBN: 1283562111

Description: The enhanced Stability and Growth Pact calls on euro area members and aspirants to set boundaries to fiscal deficits through high-level legislation. A limit on the deficit, such as the deficit ceiling in Bulgaria's organic budget law, serves to protect solvency. The recent crisis clearly indicated that the key challenges are not only to contain the deficit but also to avoid a procyclical stance during upswings and to build a buffer for rainy days. Ideally, fiscal policymaking is guided by a fiscal rule that adapts through the economic cycle. This paper lays out the objectives of fiscal rules and analyzes how these objectives can be met in Bulgaria through either a growth-adjusted balance rule or an expenditure rule complemented by a deficit ceiling.We have made it easy for you to find a PDF Ebooks without any digging. And by having access to our ebooks online or by storing it on your computer, you have convenient answers with Evaluating Designs for a Fiscal Rule in Bulgaria. To get started finding Evaluating Designs for a Fiscal Rule in Bulgaria, you are right to find our website which has a comprehensive collection of manuals listed.
Our library is the biggest of these that have literally hundreds of thousands of different products represented.

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Evaluating Designs for a Fiscal Rule in Bulgaria

Evaluating Designs for a Fiscal Rule in Bulgaria

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