What Can We Learn from Governments’ Compliance with Fiscal Rules?

Eckhard Janeba
Profile Picture of - Eckhard Janeba

Eckhard Janeba

Abstract information

Fiscal rules constrain governments from running deficits or from accumulating too much debt. In this video, ECKHARD JANEBA considers how we can assess and understand compliance with fiscal rules and, therefore, their broader utility. Focusing on the German “Debt Break” fiscal rule that requires state governments to run balanced budgets from 2020 onwards, Janeba conducted two waves of surveys with relevant policymakers. Providing particular insight into prospects for compliance with this fiscal rule, the work also identifies important attitudinal differences between different groups of policymakers. With fiscal rules becoming more common worldwide, the research helps us to understand how their design might be optimized.

DOI:

https://doi.org/10.21036/LTPUB10648

Researcher

Eckhard Janeba is Professor of Public Finance and Economic Policy at the University of Mannheim. After receiving his doctorate from the University of Bonn, he moved to the US and worked at Indiana University Bloomington and at the University of Colorado Boulder. Janeba’s research focuses on public finance, international trade and the effects of globalization on government policy. An associate editor for the journals International Tax and Public Finance and the European Economic Review, Janeba is Chairman (since 2013) of the Independent Advisory Board to the German Stability Council.

Institution information

University of Mannheim (Universität Mannheim)

The University of Mannheim is frequently cited as the “Harvard of Germany,” primarily due to its world-class reputation in business administration and economics. Centered within the magnificent Mannheim Palace, one of the largest baroque buildings in Europe, the university provides a unique architectural setting for its academic pursuits. It is highly regarded for its research-driven curriculum and strong ties to the corporate sector, consistently ranking as the top German institution for social sciences and business. With a focused profile and a highly international outlook, it remains a premier destination for future leaders in finance, politics, and academia.
University of Mannheim (Universität Mannheim)
Cover Photo of - University of Mannheim (Universität Mannheim)

Original Publication

Fiscal Rules and Compliance Expectations–Evidence for the German Debt Brake

Friedrich Heinemann,

Eckhard Janeba,

Christoph Schröder,

Frank Streif

Published in

Book Recommendation

Fall of Giants

Ken Follett

Ken Follet's first volume in the acclaimed Centry trilogy tells the gripping stories of five families in 20th-century Europe. Follet describes the struggle of the suffragettes, the Russian revolution and the First World War in an intense and captivating manner.

Citation

Eckhard Janeba, 

Latest Thinking, 

What Can We Learn from Governments’ Compliance with Fiscal Rules?, 

https://doi.org/10.21036/LTPUB10648, 

Credits:

© Eckhard Janeba 

and Latest Thinking

This work is licensed under CC-BY 4.0