Essays about: "Balanced budget rule"
Found 2 essays containing the words Balanced budget rule.
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1. Discipline and Flexibility - The Stability and Growth Pact
University essay from Göteborgs universitet/Institutionen för nationalekonomi med statistikAbstract : In “The economics of the government budget constraint” Stanley Fischer discusses the negative implications of government deficits and debts and concludes that to achieve stability and growth a state should implement fiscal discipline i.e. keep the budget in balance. READ MORE
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2. Birds of a feather need not flock together - Mitigating common pool problems and status quo bias with fiscal constraints
University essay from Handelshögskolan i Stockholm/Institutionen för nationalekonomiAbstract : The ability of decision-makers to cooperate with one another is a controversial topic in political economy. It is often hypothesized that governments and parliaments, which are fragmented in terms of size and ideology will have worse economic outcomes than their less fragmented counterparts. READ MORE