The relevance of fiscal rules for fiscal and yield developments
Numerical fiscal rules mitigate the bias of pro-cyclicality, as an alternative to discretionary measures conducted by policy makers. We assess whether fiscal rules impact budget balances and sovereign yields, and we perform a simulation exercise to compute debt developments of EU countries, assuming...
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| Formato: | workingPaper |
| Idioma: | eng |
| Publicado em: |
2014
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| Texto completo: | http://hdl.handle.net/10400.5/7432 |
| País: | Portugal |
| Oai: | oai:www.repository.utl.pt:10400.5/7432 |