Balatoni, András (2015) A simple fiscal rule for Hungary. Acta Oeconomica, 65 (s1). pp. 149-159. ISSN 0001-6373
|
Text
032.65.2015.s1.9.pdf Download (640kB) | Preview |
Official URL: http://dx.doi.org/10.1556/032.65.2015.S1.9
Abstract
In this paper, I outline an alternative public debt rule, a basic structure that provides a sufficient reduction of public debt in the long term, with an escape clause ensuring the opportunity for countercyclical budgetary manoeuvring and the avoidance of the so-called ratchet effect. The last section outlines a basic institutional framework. I have raised this topic in the hope of supporting the Hungarian discussion about fiscal rules and perhaps to contribute to it. I am certain that this rule is far from perfect, but I believe it is a good starting point.
| Item Type: | Article |
|---|---|
| Subjects: | H Social Sciences / társadalomtudományok > H Social Sciences (General) / társadalomtudomány általában |
| Depositing User: | László Sallai-Tóth |
| Date Deposited: | 05 Jul 2016 14:59 |
| Last Modified: | 31 Dec 2017 00:16 |
| URI: | http://real.mtak.hu/id/eprint/37375 |
Actions (login required)
 |
Edit Item |
