Fiscal Rules and Discretion under Persistent Shocks

145 citations recorded by the source corpus.

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

Fiscal Rules and the Sovereign Default Premium (2022, unknown): “Halac and Yared (2015) extend their model of governments’ deficit bias and fiscal rules (Halac and Yared, 2014) to a multicountry setting in which a supranational fiscal rule affects the global interest rate.”
The costs and benefits of balanced budget rules: Lessons from a political economy model of fiscal policy (2016, methodology): “Halac and Yared (2014) adopt a dynamic mechanism design approach to the choice of fiscal rules in a simple political economy model of fiscal policy. Martin (2015) provides an evaluation of a variety of different monetary and fiscal constraints in the framework of Lagos and Wright (2005). Hatchondo, ”