Second-Generation Fiscal Rules: Balancing Simplicity, Flexibility, and Enforceability prepared by Luc Eyraud, Xavier Debrun, Andrew Hodge, Victor Lledó, and Catherine Pattillo published by IMF (4/2018). “Fiscal rules are widely used to constrain fiscal policy discretion and promote fiscal discipline….
Economic preparedness: the need for fiscal space by Vikram Haksar, Marialuz Moreno-Badia, Catherine Pattillo and Murtaza Syed published by IMF (6/2018). “Whether a country should use its fiscal space is a totally different question. Having fiscal space is like…