TY  - BOOK
AU  - Milesi-Ferretti,Gian
TI  - Good, Bad or Ugly?on the Effects of Fiscal Rules with Creative Accounting
T2  - IMF Working Papers; Working Paper
SN  - 1451858566 :
SN  - 1018-5941
PY  - 2000///
CY  - Washington, D.C.
PB  - International Monetary Fund
KW  - Budget Deficit
KW  - imf
KW  - Budget Rule
KW  - Budget Transparency
KW  - Creative Accounting
KW  - Fiscal Rule
KW  - Fiscal Rules
KW  - Italy
N2  - Do fiscal rules likely lead to fiscal adjustment, or do they encourage the use of 'creative accounting'? This question is studied with a model in which fiscal rules are imposed on 'measured' fiscal variables, which can differ from 'true' variables because there is a margin for creative accounting. The probability of detecting creative accounting depends on its size and the transparency of the budget. The model studies the effects on fiscal policy of different rules, separating structural from cyclical effects, and examines how these effects depend on the underlying fiscal distortion and on the degree of transparency of the budget
UR  - http://elibrary.imf.org/view/IMF001/02858-9781451858563/02858-9781451858563/02858-9781451858563.xml
UR  - http://www.imfbookstore.org/IMFORG/9781451858563
ER  -