Rules-Based Fiscal Policy in France, Germany, Italy, and Spain (IMF's Occasional Papers)

by Teresa Daban, Enrica Detragiache, Gabriel Bella, Gian-Maria Milesi-Ferretti, and Steven Symansky

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Book cover for Rules-Based Fiscal Policy in France, Germany, Italy, and Spain

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In recent decades, most industrial countries have seen a sharp rise in the size of government and a large accumulation of public debt. An increasing number of countries have adopted formal fiscal rules to deal with high public debt levels, such as balanced-budget rules or multiyear frameworks that limit discretionary fiscal policy. This paper studies the design of fiscal rules and frameworks, focusing on the experiences in France, Germany, Italy, and Spain.
  • ISBN13 9781589062160
  • Publish Date 30 November 2003
  • Publish Status Active
  • Publish Country US
  • Imprint International Monetary Fund (IMF)
  • Edition illustrated Edition
  • Format Paperback
  • Pages 71
  • Language English