Rules-based fiscal policy is under threat. Over the last two decades, it proved frustratingly
complicated to strike the right balance between three essential properties of sound fiscal …

How should small states formulate a countercyclical fiscal policy to achieve economic
stability and fiscal sustainability when they are prone to natural disasters, climate change …

The text describes the theoretical developments of the assignment rules regarding fiscal and
monetary policies and the respective roles in macroeconomics stabilisation. Monetary policy …

Recent studies offer evidence of reduced fiscal procyclicality to commodity price changes in
resource‐rich countries—a feature commonly attributed to the adoption of fiscal policy rules …

This paper examines the implications of different monetary and fiscal policy rules in an
economy characterized by Harrodian instability. We show that (1) a monetary rule along …

Michael Jacobs and Andrew Hindmoor's analysis of 'Labour, left and right'is a salutary
corrective to 'electoral-ideological'accounts of party strategy in Britain, and rightly urges …

The interest rate and the fiscal balance can be thought of as two independent instruments to
be assigned to two targets, the path of output and the path of public debt. Under what we …

EU Member States, particularly in the Euro Area, have been pushed to adopt more extensive
and intrusive fiscal rules, but what is the evidence that the rules are succeeding? The EU …

Executive summary When the COVID-19 pandemic battered the economy and health of
nations across the world, the first tasks were to tackle the virus, to prevent economic …

We use data from Sweden, a welfare state that has undertaken sizeable reforms to
strengthen work incentives, to shed more light on the tradeoff between policies to make work …