The Case for Restricting Fiscal Policy Discretion

No abstract is available for this paper.

• Publication year

  2003

• Venue

  Quarterly Journal of Economics

• Publication date

  2003-11-01

• Fields of study

  Economics, Political Science

• Identifiers
  DOI 10.1162/003355303322552838
• External record

  Open on Semantic Scholar

• Source metadata

  Semantic Scholar

• No claims are published for this paper.

• No concepts are published for this paper.

• Political Economy in Macroeconomics

  2018cited by this paper
• The Cyclical Behaviour of Fiscal Policy: Evidence from the OECD

  2003cited by this paper
• Structural Balances and All That Which Indicators to Use in Assessing Fiscal Policy

  2002cited by this paper
• Should the European Central Bank and the Federal Reserve Be Concerned About Fiscal Policy

  2002cited by this paper
• Fiscal Policy, Profits, and Investment

  2002influential reference
• Electoral Systems and Public Spending

  2002cited by this paper
• "Rules vs. Discretion" after Twenty-Five Years

  2002cited by this paper
• Do Political Institutions Shape Economic Policy

  2001cited by this paper
• Assessing the E ff ects of Fiscal Shocks ∗

  2001cited by this paper
• International Data on Educational Attainment Updates and Implications

  2001cited by this paper
• The Effects of Fiscal Policy on Consumption and Employment: Theory and Evidence

  2001cited by this paper
• New Tools in Comparative Political Economy : The Database of Political Institutions

  2001cited by this paper
• Political Institutions and Policy Outcomes: What are the Stylized Facts?

  2001influential reference
• Output fluctuations and fiscal policy: U.S. state and local governments 1978-1994

  2001cited by this paper
• The Size and Role of Automatic Fiscal Stabilizers in the 1990s and Beyond

  2000cited by this paper
• Political Economics: Explaining Economic Policy (Zeuthen Lectures)

  2000cited by this paper
• New Tools and New Tests in Comparative Political Economy: The Database of Political Institutions

  1999cited by this paper
• Why Do Some Countries Produce so Much More Output Per Worker than Others

  1999cited by this paper
• Government Size and Automatic Stabilizers: International and Intranational Evidence

  1999cited by this paper
• Why do More Open Economies Have Bigger Governments?

  1998influential reference
• Openness, Country Size and Government

  1998cited by this paper
• Separation of Powers and Political Accountability

  1997cited by this paper
• Political Cycles and the Macroeconomy

  1997cited by this paper
• Introduction to Economic Growth

  1997cited by this paper
• Democracy and growth

  1996cited by this paper
• Forthcoming, Journal of Political Economy Why Do More Open Economies Have Bigger Governments? Why Do More Open Economies Have Bigger Governments?

  1996cited by this paper
• Political instability and economic growth

  1996cited by this paper
• Fiscal Expansions and Adjustments in OECD Economies

  1995cited by this paper
• Divided Government, Fiscal Institutions, and Budget Deficits: Evidence from the States

  1994cited by this paper
• Cross-Country Evidence on the Link between Volatility and Growth

  1994influential reference
• Suggestions for a New Set of Fiscal Indicators

  1990cited by this paper
• Government Spending and Budget Deficits in the Industrial Economies

  1989cited by this paper
• Journal of business and economic statistics 5: Garcia-Ferrer, A. et al., Macroeconomic forecasting using pooled international data, (1987), 53-67

  1988cited by this paper
• Macroeconomic Policy in a Two-Party System as a Repeated Game

  1987cited by this paper
• Incumbent performance and electoral control

  1986cited by this paper
• Estimation and Inference in Two-Step Econometric Models

  1985cited by this paper
• Elections and Macroeconomic Policy Cycles

  1985cited by this paper
• The Political Economy of Federalism

  1985cited by this paper
• Political Parties and Macroeconomic Policy

  1977influential reference
• The Political Business Cycle

  1975cited by this paper
• Published in: (2000) Economics and Politics 12(1):1-31 The Institutional Environment for Economic Growth

  year unknowncited by this paper

• Analyzing the gap and efficiency in government spending: An empirical study using data envelopment analysis and panel data models

  2026cites this paper
• The effect of financial inclusion on economic and social indicators in Mexico

  2025cites this paper
• Do business confidence and economic growth expectations react to discretionary fiscal policy, fiscal opacity, and fiscal credibility?

  2025influential citation
• Dynamic Effects of Fiscal Rules: Do Initial Conditions Matter?

  2025cites this paper
• Government spending cyclicality, economic stability and uncertainty

  2025cites this paper
• Measuring the Effect of Government Spending Shocks on Output: A Factor-Augmented VAR Approach

  2025cites this paper
• Non-linear Effects of Fiscal Policy in European Welfare States

  2025cites this paper
• Natural disasters and the effects of reconstruction expenditure on output

  2025cites this paper
• Sovereign debt cost and economic complexity

  2025cites this paper
• Trade openness and output volatility for the Japanese manufacturing industry

  2025cites this paper
• Financial Development, Financial Globalization, and Economic Growth Volatility: A Comparative Analysis for Developing and Developed Economies

  2025cites this paper
• Working hours, income volatility and public sector employment as insurance

  2025cites this paper
• Debt Ceilings With Fiscal Intransparency and Imperfect Electoral Accountability

  2025cites this paper
• The Judiciary as a fiscal policy tool? Budget stress and judicial decision-making in Brazil

  2025cites this paper
• Impactos de ações rent-seeking sobre o orçamento público: o efeito do caso “Máfia das Ambulâncias” nos municípios mato-grossenses

  2024cites this paper
• Efficiency of Fiscal Policy Stabilization Measures in European Union Countries

  2024cites this paper
• Tax Instalment Plans: A Legal Instrument of Financial Sustainability in a Crisis

  2024cites this paper
• Original sin: Fiscal rules and government debt in foreign currency in developing countries

  2024cites this paper
• Do fiscal rules shape private-sector investment decisions?

  2024cites this paper
• Financial Fragility and Public Social Spending: Unraveling the Endogenous Nexus

  2024cites this paper
• Local information and the stabilization role of local government: Evidence from a natural experiment in China

  2024cites this paper
• L’efficacité de la politique budgétaire et de la politique monétaire dans la gestion macroéconomique des petites économies insulaires en développement : application au cas de Sainte-Lucie

  2024cites this paper
• Choosing the European fiscal rule

  2024cites this paper
• Electoral Cycles in Fiscal Rules: International Empirical Evidence

  2024cites this paper
• Fiscal policy volatility and capital flight

  2024cites this paper
• Determinants of fiscal rules policy credibility in West African Economic and Monetary Union countries

  2024cites this paper
• Investigating the Government Finance in Mali: Revenue, Expenditure, Debt and Policy Implications

  2024influential citation
• Fiscal policy volatility and capital misallocation: Evidence from China

  2024influential citation
• Fiscal Sustainability in Indonesia: Policies and Progress

  2024cites this paper
• The Macroeconomic Trilemma: Balancing GDP Growth, Full Employment, and Inflation Control Through Coordinated Policy Design

  2024cites this paper
• An empirical analysis of the dynamics of tax revenue determinants in kenya: A longitudinal approach

  2024cites this paper
• Macroeconomic volatility and terrorism incidents in Africa

  2024cites this paper
• New Zealand’s lauded fiscal legislation: has it reduced fiscal uncertainty?

  2024cites this paper
• Fiscal rules, capital controls, and cross-border financial integration

  2024cites this paper
• Shock absorption via savings in the EMU: The role of international and public mechanisms

  2024cites this paper
• Dynamic Stability of Public Debt: Evidence from the Eurozone Countries

  2023cites this paper
• The dynamic effects of public investments on private capital formation: Modelling a heterogeneous asymmetric cointegration with unobserved global factors

  2023cites this paper
• The impact of fiscal rules on cross-border bank claims

  2023cites this paper
• Journal of Comparative Economics

  2023cites this paper
• Household welfare in the digital age: Assessing the effect of mobile money on household consumption volatility in developing countries

  2023cites this paper
• The impact of fiscal rules on government debt: evidence from the CFA zone

  2023cites this paper
• Fiscal Policy and Monetary Integration in the Ecowas

  2023cites this paper
• Macroeconomic effects of fiscal consolidation on economic activity in SSA countries

  2023cites this paper
• Does trade shape educational decisions? The role of initial schooling

  2023cites this paper
• Analysing the Armey curve based on the Fourier cointegration approach for Turkey

  2023cites this paper
• INSTITUTIONALIZATION OF FISCAL RULES: INTERNATIONAL AND RUSSIAN EXPERIENCE

  2023cites this paper
• Mali Alan Üzerine Yapılmış Olan Çalışmaların Bibliyometrik Ağ Analizi

  2023cites this paper
• EFFICACIOUSNESS OF COUNTERCYCLICAL FISCAL POLICY IN INDIA FOR ECONOMIC RECOVERY IN 2021

  2023cites this paper
• Public and private investments: long-run asymmetric effects in France and the US

  2023cites this paper
• Stabilizing, neutral or destabilizing? The impact of fiscal rules on the GDP volatility in the EU countries

  2023cites this paper
• Why Do Voters Support Procyclical Fiscal Policies? Experimental Evidence from Latin America

  2023cites this paper
• Rethinking fiscal rules

  2023cites this paper
• Fiscal Policy Volatility and Growth in Emerging Markets and Developing Economies

  2023cites this paper
• The impact of trade on schooling over the last five decades in developing countries

  2023cites this paper
• Institutional Approach to the Budget Deficit: An Empirical Analysis

  2023cites this paper
• Integrating host-country political heterogeneity into MNE–state bargaining: insights from international political economy

  2023cites this paper
• Does economic complexity reduce the probability of a fiscal crisis?

  2023cites this paper
• Inflation targeting and fiscal policy volatility: Evidence from developing countries

  2023cites this paper
• Economic Reform, Fiscal Rules, and the Nonlinear Autoregressive Distributed Lag Bounds Test Model. Evidence from the United Arab Emirates

  2022cites this paper
• A Functional Classification Analysis of Government Spending Multipliers

  2022cites this paper
• Do fiscal opacity, fiscal impulse, and fiscal credibility affect disagreement about economic growth forecasts? Empirical evidence from Brazil considering the period of political instability and presidential impeachment

  2022cites this paper
• Mixed Monetary–Fiscal Policies and Macroeconomic Fluctuations: An Analysis Based on the Dynamic Stochastic General Equilibrium Model

  2022cites this paper
• An analysis of the success of fiscal adjustment in reducing public debt: Evidence from Pakistan

  2022cites this paper
• Do fiscal rules need budget transparency to be effective?

  2022cites this paper
• Asymmetric effects of global uncertainty: the socioeconomic and environmental vulnerability of developing countries

  2022cites this paper
• Financial sector development and macroeconomic volatility: Case of the Southern African Development Community region

  2022cites this paper
• Nexus between energy poverty and economic vulnerability: Evidence from low and middle income economies

  2022cites this paper
• Assessment of the EU fiscal framework Updating estimates of the cost of non-Europe

  2022cites this paper
• EARLY DRAFT Does Countercyclical Fiscal Policy Pay? The Relevance of Fiscal Acyclicality

  2022cites this paper
• Revisiting fiscal policy and a case for automatic stabilisers in urban India

  2022cites this paper
• Financial Development, Financial Instability, and Fiscal Policy Volatility: International Evidence

  2022cites this paper
• Euro area time-varying cyclicality of fiscal policy

  2022cites this paper
• Sovereign Risk and Government Change: Elections, Ideology and Experience

  2022cites this paper
• Discretionary fiscal policy, fiscal credibility and inflation risk premium

  2021cites this paper
• The asymmetric effects of fiscal policy on inflation and economic activity in post-communist European countries

  2021influential citation
• Poverty volatility and poverty in developing countries

  2021cites this paper
• Adaptive Importance Sampling for DSGE Models *

  2021cites this paper
• Income inequality and economic growth: A re‐examination of theory and evidence

  2021cites this paper
• Fiscal Deficit Sustainability and Fiscal Policy Persistence In The West African Monetary Zone

  2021cites this paper
• The Impact of Monetary Policy Shocks on Corporate Dynamic Investment Activity With Financial Heterogeneity

  2021cites this paper
• Financial development, poverty, and human development in the Fintech age: a regional analysis of the Southeast Asian states

  2021cites this paper
• The Impact of Exchange Rate Futures Fluctuations on Macroeconomy: Evidence from Ten Trading Market

  2021influential citation
• The role of automatic stabilizers in business cycle: the case of indonesia

  2021cites this paper
• Effects of fiscal credibility on inflation expectations: evidence from an emerging economy

  2021cites this paper
• Easing economic vulnerability: Multidimensional evidence of financial development

  2021cites this paper
• Public and private pension systems and macroeconomic volatility in OECD countries

  2021cites this paper
• Current expenditure upswings in good times and public investment downswings in bad times? New evidence from developing countries

  2021cites this paper
• Tax Transition and Tax Revenue Instability in Subsahara Africa

  2021cites this paper
• Convergence in road transport CO2 emissions in Europe

  2021cites this paper
• Fiscal rules and volatility: the role of stabilising properties and compliance

  2021cites this paper
• National fiscal rules and fiscal discipline in the European Union

  2021cites this paper
• An analysis of the asymmetric effect of fiscal policy on economic growth in Pakistan: Insights from non-Linear ARDL

  2021cites this paper
• Rural social development is a key condition for inclusive growth agri-food system of Russia

  2021cites this paper
• Food Price Shocks and Household Consumption in Developing Countries: The Role of Fiscal Policy

  2021cites this paper
• Fiscal rules and volatility: the role of stabilising properties and compliance

  2021influential citation
• The fiscal response to revenue shocks

  2021cites this paper
• Macroeconomic policy volatility and household consumption in Africa

  2021cites this paper
• A Dynamic Analysis of the Impact of Fiscal Adjustment on Economic Growth: Evidence From Pakistan

  2021cites this paper
• Tax reform and public debt instability in developing countries: The trade openness and public revenue instability channels

  2021cites this paper
• Limiting Fiscal Procyclicality: Evidence from Resource-Dependent Countries

  2021cites this paper