Abstract
This article empirically assesses determinants of countries’ fiscal rules suggested by the political science, sociology and economics literature. We find several of these variables to be related to the stringency of fiscal rules, providing indirect evidence for the relevance of governments’ deficit bias. These determinants may also serve as instruments in models with (endogenous) fiscal rules as explanatory variable.
| Original language | English |
|---|---|
| Pages (from-to) | 154 - 158 |
| Journal | Applied Economics Letters |
| Volume | 24 |
| Issue number | 3 |
| DOIs | |
| Publication status | Published - 2017 |
Austrian Classification of Fields of Science and Technology (ÖFOS)
- 506004 European integration
- 502025 Econometrics
- 502047 Economic theory
- 502003 Foreign trade
- 502018 Macroeconomics