Catalog
- Results include
-
Carnot, Lazare Nicolas Marguerite, comte de
Mote, W.H.Carnot./Engraved by W.H.Mote./London. Published by Charles Knight & Co. Ludgate Street,
-
-
Evaluating Fiscal Policy : A Rule of Thumb
Carnot, NicolasBrussels, Belgium : European Commission, Directorate-General for Economic and Financial Affairs, August 2014."This paper introduces a simple rule for appraising the economic soundness of fiscal policies. It connects fiscal policy to a long-run debt objective, taken as an anchor, while arbitraging symmetrically between this debt objective and output stabilisation. The rule offers a benchmark to assess the evolution of primary expenditure, net of the impact of discretionary revenue measures, taken as a proper operational target for annual fiscal policy. The properties and implications of this rule of thumb are analysed drawing on qualitative arguments and retrospective simulations."--Document home page.
Online ec.europa.eu
Guides
Library website
Exhibits
EarthWorks
More search tools
Tools to help you discover resources at Stanford and beyond.