Policy Instruments for Sound Fiscal Policies

Fiscal Rules and Institutions

  • Editors
  • Joaquim Ayuso-i-Casals
  • Servaas Deroose
  • Elena Flores
  • Laurent Moulin

Part of the Finance and Capital Markets Series book series (FCMS)

Table of contents

  1. Front Matter
    Pages i-xvi
  2. Introduction: The Role of Fiscal Rules and Institutions in Shaping Budgetary Outcomes

    1. Joaquim Ayuso-i-Casals, Servaas Deroose, Elena Flores, Laurent Moulin
      Pages 1-20
  3. Fiscal Rules and Institutions as Useful Devices to Address the Deficit Bias

    1. Front Matter
      Pages 21-21
    2. Signe Krogstrup, Charles Wyplosz
      Pages 23-50
    3. Teunis Broesens, Peter Wierts
      Pages 89-117
    4. Carlos Martínez-Mongay
      Pages 118-123
  4. Forms of Governance, Rules and Institutions

    1. Front Matter
      Pages 125-125
    2. Mark Hallerberg, Rolf Strauch, Jürgen von Hagen
      Pages 127-148
    3. Charles Wyplosz
      Pages 173-176
  5. Specific Institutional Arrangements to Improve Fiscal Policy

    1. Front Matter
      Pages 177-177
    2. Fabrizio Balassone, Daniele Franco, Stefania Zotteri
      Pages 179-203
    3. Joaquim Ayuso-i-Casals, Diana González Hernandez, Laurent Moulin, Alessandro Turrini
      Pages 204-240
    4. Tatiana Kirsanova, Campbell Leith, Simon Wren-Lewis
      Pages 256-283
    5. Teresa Ter-Minassian
      Pages 284-287
  6. Country-Specific Experiences

  7. Back Matter
    Pages 349-356

About this book


This volume contributes to empirical research on the role of national fiscal rules and institutions in shaping fiscal policies. It provides original, policy-oriented analysis on a number of questions and gives illuminating conclusions about the devices which promote sound and sustainable policy. Contributors are leading experts.


Delegation fiscal policy fiscal rules

Bibliographic information