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Cited by 411

The DOI matches its Crossref record; 21 of the 21 references it cites were found in a registry or an index.

Fiscal Policy: Institutions versus Rules

Open access
Wyplosz, Charles·2005·National Institute Economic Review
DOI 10.1177/0027950105052661
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Abstract

Fiscal discipline is as much needed as monetary discipline. Many countries have attempted to counter the deficit bias by adopting fiscal rules that typically set a limit to their annual budget deficits. The record is not satisfactory; rules are either too lax or too tight and then ignored. This article suggests that the solution is to adopt the approach followed by inflation targeting central banks, with great success. Independent and accountable Fiscal Policy Committees, given the task of achieving debt targets and the authority to decide - or recommend - annual deficits, will be free from the deficit bias. This will allow them to exercise discretion in the short run while delivering debt sustainability in the long run.

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Crossref · 10.1177/0027950105052661

Cites

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Metadata

Authors
Wyplosz, C.
Venue
National Institute Economic Review
Publisher
Cambridge University Press (CUP)
Published
2005-01
Volume
191
Pages
64-78
ISSN
  • 0027-9501 (ISSN-L)
  • 1741-3036
DOI
10.1177/0027950105052661
OpenAlex
W2157480652
Cited by
411
References
21
FWCI
81.59
Type
journal article
Language
en
Open access
green

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CoChat. (2026). Citation check: Fiscal Policy: Institutions versus Rules. https://app.cochat.ai/papers/10.1177/0027950105052661
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Wyplosz, C. (2005). Fiscal Policy: Institutions versus Rules. National Institute Economic Review. https://doi.org/10.1177/0027950105052661

Data sources

Bibliographic data: Semantic Scholar, OpenAlex, Crossref.

Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).

Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.