Eckhard Janeba What Can We Learn from Governments’ Compliance with Fiscal Rules?
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.
LT Video Publication DOI: https://doi.org/10.21036/LTPUB10648
Fiscal Rules and Compliance Expectations–Evidence for the German Debt Brake
- Friedrich Heinemann, Eckhard Janeba, Christoph Schröder and Frank Streif
- Journal of Public Cconomics
- Published in 2016