The EU's fiscal framework needs reform. While existing fiscal rules have had some impact in
constraining deficits, they did not prevent deficits and debt ratios that have threatened the …

Governments face difficult policy trade-offs with record debt levels, tightening monetary
policies, and urgent demands, including food and energy crises, the climate agenda, and …

Hidden debt is endemic throughout the sovereign credit market and poses a serious threat
to global financial stability. Yet, little is known about why governments conceal their liabilities …

How do policy communications on future f iscal targets af fect market expectations and
beliefs about the future conduct of f iscal policy? In this paper, we develop indicators of f …

This article provides a large dataset on PSE using a parametric approach, and covering 158
countries of all income levels, over the period 1990–2017. The analysis includes four …

This paper investigates the performance of fiscal rules in resource-rich countries (RRC).
Using panel data for 57 commodity exporting countries from 1976 to 2021, we find that fiscal …

Developing economies often borrow abroad in foreign currency, which exposes them to the
problem of “original sin.” Although the literature on the issue is relatively extensive, there is …

The article examines how fiscal policy is crucial in promoting natural resource efficiency and
sustainable development. In light of this, this paper analyzes the renewable energy (RE) …

In this study we examine the impact of the European Stability and Growth Pact (SGP) on
narratively identified fiscal adjustments whose prime focus is to reduce the budget deficit …

In diesem Überblicksartikel berichten Jana Jarck, Michele Salvi und Christoph A.
Schaltegger von den Erfahrungen mit der Schweizer Schuldenbremse und von deren …