The Cyclically Balanced Fiscal Rules: the Experience Gained In the Application Thereof
Monitoring of Russia's Economic Outlook: trends and challenges of socio-economic development. Moscow. IEP. 2020. No. 10, pp. 21-25
5 Pages Posted: 7 Jul 2020
Date Written: June 10, 2020
Abstract
We review the application of cyclically balanced budget rules in Switzerland and Chile. The budgets of these countries, drawn up based on the cyclical balance rule, have improved their primary indicators of fiscal sustainability (the level of public debt, primary surplus).
Keywords: Russian economy, budget rule, fiscal sustainability
JEL Classification: H61, H62, H63
Suggested Citation: Suggested Citation
Belev, Sergei and Sokolov, Ilya, The Cyclically Balanced Fiscal Rules: the Experience Gained In the Application Thereof (June 10, 2020). Monitoring of Russia's Economic Outlook: trends and challenges of socio-economic development. Moscow. IEP. 2020. No. 10, pp. 21-25, Available at SSRN: https://ssrn.com/abstract=3624202 or http://dx.doi.org/10.2139/ssrn.3624202
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