Expenditure Rules: Effective Tools for Sound Fiscal Policy?
IMF Working Paper WP/15/29 – Till Cordes; Tidiane Kinda; Priscilla S. Muthoora; Anke Weber. February 12, 2015. “This paper provides new evidence on the effectiveness of expenditure rules. The analysis is based on a unique dataset covering all countries with national and supranational fiscal rules, including 33 expenditure rules, between 1985 and 2013. It contributes …