Issues in the design of fiscal policy rules by Wren-Lewis, S, Portes, J

“…Fiscal rule should also contain a 'knock out' if interest rates hit the zero lower bound: in that case the fiscal and monetary authorities should cooperate to formulate a fiscal expansion package that allows interest rates to rise above this bound. …”

Gasoline and Diesel Pricing Reforms in BRIC Countries – A Comparison of Policy and Outcomes by Fattouh, B, de Oliveira, C, Sen, A

“…This paper sets out three broad policy lessons – first, that the impacts of price controls generally tend to be concentrated in one part of the value chain, and although governments may view this as ‘manageable’ or ‘containable’ – these impacts have knock-on effects, as shown in this paper. Second, that petroleum product price liberalization is not irreversible – demonstrated by the experiences of Brazil and Russia where price controls were reintroduced implicitly. …”