The increasing Debt problem: Is a fiscal rule an effective solution?
Chiesa, Francesca (2014)
2014
MDP in Public Economics and Public Finance (MGE)
Johtamiskorkeakoulu - School of Management
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Hyväksymispäivämäärä
2014-10-28
Julkaisun pysyvä osoite on
https://urn.fi/URN:NBN:fi:uta-201411242345
https://urn.fi/URN:NBN:fi:uta-201411242345
Tiivistelmä
This paper addresses the debt increase problem within the European Union from the beginning of 2000s to the present day and the subsequent debt restructuring process achieved by different fiscal rules. It will be econometrically proved the positive impact of fiscal rules on the public debt of a EU member country. The methodology used in this paper refers to the "Fiscal Rule Index" designed by the European Commission and is applied to the EU countries.