Research Catalog

Title

Fiscal rules, inertia and discretionary fiscal policy / by Martin Larch and Matteo Salto.

Author

Larch, Martin.

Publication

Brussels : European Commission, Directorate-General for Economic and Financial Affairs, 2003.

Items in the Library & Off-site

Details

Additional Authors

• Salto, Matteo.
• European Commission. Directorate-General for Economic and Financial Affairs.

Description

22 p. : ill.; 30 cm.

Summary

In current practice, changes in the cyclically-adjusted budget balance (CAB) are generally interpreted as reflecting the effort of discretionary fiscal policy. This paper shows that such an interpretation is not a sufficiently accurate description of the behaviour of fiscal policy, and, in some cases, it may even conceal an important deficit bias.

Series Statement

Economic papers ; no. 194

Uniform Title

Economic papers (Brussels, Belgium) ; no. 194.

Subjects

• Fiscal policy > Europe
• Budget > Europe
• Economic forecasting > Europe

Note

• "October 2003."

Bibliography (note)

• Includes bibliographical references (p. 17-19).

Additional Formats (note)

• Also available online as an electronic resource.

Call Number

JBX F-5240

ISBN

9289464178

OCLC

54456857

Author

Larch, Martin.

Title

Fiscal rules, inertia and discretionary fiscal policy / by Martin Larch and Matteo Salto.

Imprint

Brussels : European Commission, Directorate-General for Economic and Financial Affairs, 2003.

Series

Economic papers ; no. 194

Economic papers (Brussels, Belgium) ; no. 194.

Bibliography

Includes bibliographical references (p. 17-19).

Additional Formats

Also available online as an electronic resource.

Connect to:

http://europa.eu.int/comm/economy%5Ffinance/publications/economic%5Fpapers/economicpapers194%5Fen.htm

Added Author

Salto, Matteo.

European Commission. Directorate-General for Economic and Financial Affairs.

Research Call Number

JBX F-5240