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6 novembre 2020
- ISIDORE Id: 10670/1.b7541b...
- hal: hal-02992219
Ce document est lié à :
https://uca.hal.science/hal-03160610v1
info:eu-repo/semantics/OpenAccess
Mots-clés
Fiscal Discipline National Fiscal Rules Propensity Score Matching H - Public Economics/H.H6 - National Budget, Deficit, and Debt/H.H6.H61 - Budget • Budget Systems H - Public Economics/H.H6 - National Budget, Deficit, and Debt/H.H6.H62 - Deficit • Surplus H - Public Economics/H.H1 - Structure and Scope of Government/H.H1.H11 - Structure, Scope, and Performance of GovernmentSujets proches
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Amelie Barbier-Gauchard et al., « National Fiscal Rules and Fiscal Discipline in the European Union », HAL SHS (Sciences de l’Homme et de la Société), ID : 10670/1.b7541b...
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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.
