Fiscal rules, inertia and discretionary fiscal policy /

Fiscal rules, inertia and discretionary fiscal policy /

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Bibliographic Details
Author / Creator:	Larch, Martin.
Imprint:	Brussels : European Commission, Directorate-General for Economic and Financial Affairs, 2003.
Description:	22 p. : ill ; 30 cm.
Language:	English
Series:	Economic papers ; no.194 Economic papers (Brussels, Belgium) ; no. 194.
Subject:	Fiscal policy -- Europe. Budget -- Europe. Economic forecasting -- Europe. Budget. Economic forecasting. Fiscal policy. Europe.
Format:	Print Book
URL for this record:	http://pi.lib.uchicago.edu/1001/cat/bib/5151218

Hidden Bibliographic Details
Other authors / contributors:	Salto, Matteo. European Commission. Directorate-General for Economic and Financial Affairs.
ISBN:	9289464178
Notes:	"October 2003." Includes bibliographical references (p. 17-19)
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.

Mansueto

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Call Number:	HC241.2.E2928 no.194
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