| Titre : | National Fiscal Rules and Fiscal Discipline in the European Union |
| Auteurs : | Amelie Barbier-Gauchard ; Kea Baret ; Alexandru Minea |
| Type de document : | Working Paper |
| Editeur : | S.N., 2020-11-06 |
| Format : | 46 p. |
| Langues: | Anglais |
| Catégories : |
[Eurovoc] FINANCES > fiscalité > politique fiscale [Eurovoc] UNION EUROPÉENNE [JEL] H - Économie publique > H6 - Budget national, déficit et dette > H61 - Budget ; systèmes budgétaires |
| Tags : | fiscal discipline ; national fiscal rules ; propensity score matching |
| Résumé : | Motivated by the fiscal imbalances in the EU countries in the recent period, this paper analyzes the effect of national fiscal rules on fiscal discipline. Using a careful definition of national fiscal rules combined with a novel measure of fiscal discipline (the Global Financial Performance Index-GFPI), propensity score matching estimations that account for potential endogeneity reveal that fiscal rules significantly improve the GFPI. However, this favorable effect dramatically depends upon the type of fiscal rule and different structural factors. These two features, together with alternative measures of fiscal discipline, are found to be key ingredients that should be taken into account when assessing the effects of fiscal rules on fiscal discipline. |
| Axe de recherche : | Financement du développement |
| En ligne : | https://hal.uca.fr/hal-02992219 |
| Edition suivante : |
Documents numériques (1)
 https://hal.uca.fr/hal-02992219/file/manuscript%20HAL.pdf URL |
