{
  "title": "Fiscal Rules—Anchoring Expectations for Sustainable Public Finances",
  "publication": "Policy Papers, November 12, 2009",
  "sourceUrl": "https://www.imf.org/en/publications/policy-papers/issues/2016/12/31/fiscal-rules-anchoring-expectations-for-sustainable-public-finances-pp4402",
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  "summary": "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.",
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    {
      "heading": "Context and purpose",
      "content": "- 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.\"\n- Primary aims of the paper:\n  - Assess the usefulness of fiscal rules in supporting fiscal consolidation.\n  - Discuss the design and implementation of rules based on a new data base spanning the whole Fund membership.\n  - Explore the fiscal framework that could be adopted as countries emerge from the crisis."
    },
    {
      "heading": "Scope and data",
      "content": "- Data coverage: \"a new data base spanning the whole Fund membership.\"\n- Publication date: November 12, 2009.\n- Related platform note: \"Our eLibrary offers over 25,000 IMF publications in multiple formats.\""
    },
    {
      "heading": "Core findings and emphases",
      "content": "- Fiscal rules can play a role in supporting fiscal consolidation efforts amid rising deficits and public debt.\n- Design and implementation details matter; the paper discusses these elements drawing on the new IMF-wide database.\n- The paper gives attention to how fiscal frameworks should evolve \"as countries emerge from the crisis.\""
    },
    {
      "heading": "Thematic subjects addressed",
      "content": "- Budget deficits\n- Cross country analysis\n- Financial crisis\n- Fiscal consolidation\n- Fiscal policy\n- Fiscal sustainability\n- Global Financial Crisis 2008-2009\n- Public debt\n- Public finance"
    },
    {
      "heading": "Publication and access",
      "content": "- Format indicated: \"Download PDF\"\n- Citation preview provided in Chicago format with access date noted as 9/18/2026.\n\nItalic: Fiscal Rules—Anchoring Expectations for Sustainable Public Finances (November 12, 2009).\n\n---\n\n Content in this bundle\n\n- Executive Summary\n  - Executive Summary (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Executive Summary (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\nSource: https://www.imf.org/en/publications/policy-papers/issues/2016/12/31/fiscal-rules-anchoring-expectations-for-sustainable-public-finances-pp4402"
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    "Published: November 12, 2009",
    "Series: Policy Papers",
    "Stock No: ISBN",
    "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:",
    "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.\"",
    "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.\"",
    "Budget deficits",
    "Cross country analysis",
    "Financial crisis",
    "Fiscal consolidation",
    "Fiscal policy",
    "Fiscal sustainability",
    "Global Financial Crisis 2008-2009",
    "Public debt",
    "Public finance",
    "Format indicated: \"Download PDF\"",
    "Citation preview provided in Chicago format with access date noted as 9/18/2026.",
    "**Executive Summary**"
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