TY  - BOOK
AU  - Kopits,George
TI  - Fiscal Rules: Useful Policy Framework or Unnecessary Ornament? 
T2  - IMF Working Papers; Working Paper
SN  - 1451856547 :
SN  - 1018-5941
PY  - 2001///
CY  - Washington, D.C.
PB  - International Monetary Fund
KW  - Capital Expenditure
KW  - imf
KW  - Deficit
KW  - Expenditure
KW  - Fiscal Policy Rules
KW  - Fiscal Rules
KW  - Investment
KW  - Argentina
KW  - Brazil
KW  - New Zealand
N2  - With the primary objective of conferring credibility on macroeconomic policies, an increasing number of advanced and emerging market economies have adopted various forms of fiscal rules (mainly balanced-budget requirements and debt limits). In contrast to previous fiscal rules, many of which lacked transparency, recently introduced rules have the potential of serving as a useful depoliticized policy framework, and over time, can contribute to stability and growth. To this end, they need to be well designed and supported by an appropriate institutional infrastructure
UR  - http://elibrary.imf.org/view/IMF001/02538-9781451856545/02538-9781451856545/02538-9781451856545.xml
UR  - http://www.imfbookstore.org/IMFORG/9781451856545
ER  -