HIGHLIGHTS
- who: Fiscal Rules and collaborators from the (UNIVERSITY) have published the Article: ADEMU WORKING PAPER SERIES, in the Journal: (JOURNAL)
SUMMARY
Implementation of fiscal surveillance rules relies heavily on the proper interpretation of legal terms, creating a need to infuse economic insight into legal analysis. Rigid legal application of fiscal deficit rules may curtail structural reforms, as reforms can go against fiscal consolidation in the short run. Focussing on the case of EU fiscal surveillance, this paper identifies the circumstances under which the positive budgetary long-term effect of structural reforms materialize in . . .
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