Choosing the European fiscal rule

ABSTRACTIn order to quantitatively assess the potential effects from the ongoing transformation of the fiscal framework of the European Union, we evaluate the economic and public finance stabilization properties of two benchmark fiscal rules using a New Keynesian small open economy model. If these f...

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Bibliographic Details
Main Authors: Ginters Bušs, Patrick Grüning, Oļegs Tkačevs
Format: Article
Language:English
Published: Taylor & Francis Group 2024-01-01
Series:Baltic Journal of Economics
Subjects:
Online Access:https://www.tandfonline.com/doi/10.1080/1406099X.2024.2340402