{
  "title": "Fiscal Policy Rules",
  "publication": "Occasional Papers, July 22, 1998",
  "sourceUrl": "https://www.imf.org/en/publications/occasional-papers/issues/2016/12/30/fiscal-policy-rules-2608",
  "canonical": "https://www.imf.org/en/publications/occasional-papers/issues/2016/12/30/fiscal-policy-rules-2608",
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  "summary": "What are fiscal policy rules? What are the principal benefits and drawbacks associated with various fiscal rules, particularly compared with alternative approaches to fiscal adjustment? Can fiscal rules contribute to long-run sustainability and welfare without sacrificing short-run stabilization?",
  "sections": [
    {
      "heading": "Overview and Research Questions",
      "content": "- What are fiscal policy rules?\n- What are the principal benefits and drawbacks associated with various fiscal rules, particularly compared with alternative approaches to fiscal adjustment?\n- Can fiscal rules contribute to long-run sustainability and welfare without sacrificing short-run stabilization?\n- If so, what characteristics of fiscal rules make this contribution most effective?\n- In what circumstances and contexts, if any, should the IMF encourage its member countries to adopt fiscal rules?\n- This paper seeks to identify sensible fiscal policy rules that can succeed, if chosen by a member country, as an alternative to descretionary fiscal rules."
    },
    {
      "heading": "Publication and Authorship",
      "content": "- Authors: George Kopits, Steven A. Symansky\n- Publication date: July 22, 1998\n- Series: Occasional Paper No. 1998/011\n- Issue: 011\n- Volume: 1998\n- Pages: 45\n- DOI: https://doi.org/10.5089/9781557757043.084\n- Stock No: S162EA0000000\n- ISBN: 9781557757043\n- ISSN: 0251-6365"
    },
    {
      "heading": "Key Themes and Concepts",
      "content": "- Fiscal rules versus discretionary fiscal policy.\n- Types of fiscal rules referenced in keywords and subjects:\n  - balanced-budget rule\n  - debt rule\n  - no-deficit rule\n  - deficit\n  - fiscal policy rule\n  - fiscal consolidation\n  - Government debt management\n  - Public financial management (PFM)\n- Geographical and institutional contexts mentioned:\n  - Europe\n  - Western Europe\n  - Global\n  - member government\n  - government"
    },
    {
      "heading": "Summary Findings (from the source text)",
      "content": "- The paper analyzes whether fiscal rules can:\n  - contribute to long-run sustainability and welfare without sacrificing short-run stabilization;\n  - succeed as an alternative to discretionary fiscal rules if chosen by a member country.\n- The paper seeks to identify characteristics of fiscal rules that make them most effective."
    },
    {
      "heading": "Subject Areas and Keywords",
      "content": "- Subject: Budget planning and preparation, Fiscal consolidation, Fiscal policy, Fiscal rules, Government debt management, Public financial management (PFM)\n- Keywords: balanced-budget rule, Budget planning and preparation, debt rule, deficit, Europe, Fiscal consolidation, fiscal policy rule, Fiscal rules, Global, government, Government debt management, member government, no-deficit rule, OP, rule, Western Europe\n\nInternational Monetary Fund. Fiscal Policy Rules. Occasional Paper No. 1998/011. July 22, 1998.\n\n---\n\n\nSource: https://www.imf.org/en/publications/occasional-papers/issues/2016/12/30/fiscal-policy-rules-2608"
    }
  ],
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    "Authors: George Kopits, Steven A. Symansky",
    "Published: July 22, 1998",
    "Series: Occasional Papers",
    "DOI: https://doi.org/10.5089/9781557757043.084",
    "What are fiscal policy rules?",
    "What are the principal benefits and drawbacks associated with various fiscal rules, particularly compared with alternative approaches to fiscal adjustment?",
    "Can fiscal rules contribute to long-run sustainability and welfare without sacrificing short-run stabilization?",
    "If so, what characteristics of fiscal rules make this contribution most effective?",
    "In what circumstances and contexts, if any, should the IMF encourage its member countries to adopt fiscal rules?",
    "This paper seeks to identify sensible fiscal policy rules that can succeed, if chosen by a member country, as an alternative to descretionary fiscal rules.",
    "Authors: George Kopits, Steven A. Symansky",
    "Publication date: July 22, 1998",
    "Series: Occasional Paper No. 1998/011",
    "Issue: 011",
    "Volume: 1998",
    "Pages: 45",
    "DOI: https://doi.org/10.5089/9781557757043.084",
    "Stock No: S162EA0000000",
    "ISBN: 9781557757043",
    "ISSN: 0251-6365",
    "Fiscal rules versus discretionary fiscal policy.",
    "Types of fiscal rules referenced in keywords and subjects:",
    "Geographical and institutional contexts mentioned:",
    "The paper analyzes whether fiscal rules can:",
    "The paper seeks to identify characteristics of fiscal rules that make them most effective.",
    "Subject: Budget planning and preparation, Fiscal consolidation, Fiscal policy, Fiscal rules, Government debt management, Public financial management (PFM)",
    "Keywords: balanced-budget rule, Budget planning and preparation, debt rule, deficit, Europe, Fiscal consolidation, fiscal policy rule, Fiscal rules, Global, government, Government debt management, member government, no-deficit rule, OP, rule, Western Europe"
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