Fiscal Rules—Anchoring Expectations for Sustainable Public Finances
Policy Papers, November 12, 2009
Source details
- Canonical URL
- Fiscal Rules—Anchoring Expectations for Sustainable Public Finances
Other formats
Bibliographic details
- Published: November 12, 2009
- Series: Policy Papers
- Stock No: ISBN
Context and purpose
- Motivating problem: "The sharp increase in fiscal deficits and public debt in most advanced and several developing economies has raised concerns about the sustainability of public finances and highlighted the need for a significant adjustment over the medium term."
- Primary aims of the paper:
- Assess the usefulness of fiscal rules in supporting fiscal consolidation.
- Discuss the design and implementation of rules based on a new data base spanning the whole Fund membership.
- Explore the fiscal framework that could be adopted as countries emerge from the crisis.
Scope and data
- Data coverage: "a new data base spanning the whole Fund membership."
- Publication date: November 12, 2009.
- Related platform note: "Our eLibrary offers over 25,000 IMF publications in multiple formats."
Core findings and emphases
- Fiscal rules can play a role in supporting fiscal consolidation efforts amid rising deficits and public debt.
- Design and implementation details matter; the paper discusses these elements drawing on the new IMF-wide database.
- The paper gives attention to how fiscal frameworks should evolve "as countries emerge from the crisis."
Thematic subjects addressed
- Budget deficits
- Cross country analysis
- Financial crisis
- Fiscal consolidation
- Fiscal policy
- Fiscal sustainability
- Global Financial Crisis 2008-2009
- Public debt
- Public finance
Publication and access
- Format indicated: "Download PDF"
- Citation preview provided in Chicago format with access date noted as 9/18/2026.
Italic: Fiscal Rules—Anchoring Expectations for Sustainable Public Finances (November 12, 2009).
Content in this bundle
- Executive Summary