Farvaque, Etienne and Huart, Florence and Vaneecloo, Clément (2006) Taylor's Fiscal Rule: An Exit to the Stability and Growth Pact Dead-end? Acta Oeconomica, 56 (3). pp. 323-340. ISSN 0001-6373
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Abstract
This study applies Taylor's (2000) proposed fiscal rule to EU-15 countries. We show that such a simple, flexible and transparent fiscal rule, if applied to individual EMU countries, could improve the enforceability of the Stability and Growth Pact. This rule is used to compute the structural budget balance consistent with a total budget position in balance, given national specificities concerning automatic stabilisers and the output gap. It is thus designed for being consistent with both fiscal discipline and flexibility.
| Item Type: | Article |
|---|---|
| Subjects: | H Social Sciences / társadalomtudományok > H Social Sciences (General) / társadalomtudomány általában |
| Depositing User: | xKatalin xBarta |
| Date Deposited: | 18 Jan 2017 09:27 |
| Last Modified: | 30 Sep 2026 23:15 |
| URI: | https://real.mtak.hu/id/eprint/45701 |
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