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

See all articles by Sergei Belev

Sergei Belev

Russian Academy of National Economy and Public Administration under the President of the Russian Federation (RANEPA) - Institute of Applied Economic Research; Gaidar Institute for Economic Policy

Ilya Sokolov

Gaidar Institute for Economic Policy; Russian Academy of National Economy and Public Administration under the President of the Russian Federation (RANEPA) - Moscow Campus

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

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

Sergei Belev

Russian Academy of National Economy and Public Administration under the President of the Russian Federation (RANEPA) - Institute of Applied Economic Research ( email )

Russia

Gaidar Institute for Economic Policy ( email )

3-5 Gazetny Lane
Moscow, 125009
Russia

Ilya Sokolov (Contact Author)

Gaidar Institute for Economic Policy ( email )

Russian Academy of National Economy and Public Administration under the President of the Russian Federation (RANEPA) - Moscow Campus ( email )

Moscow, 119571
Russia

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