Titlebook: Rules-Based Fiscal Policy in Emerging Markets; Background, Analysis George Kopits Book 2004 Palgrave Macmillan, a division of Macmillan Pub

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2947-9312 deficit, expenditure level, or indebtedness of the public sector, while others consider them for eventual adoption. This volume brings together policy analysts to discuss the rationale, suitability, and usefulness of fiscal policy rules in emerging market economies. Grouped under three main parts (

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Overview of Fiscal Policy Rules in Emerging Marketshus, experience with fiscal policy rules, in the context of Europe’s economic and monetary union (EMU), has been the object of extensive analysis.. Also, there has been considerable research on the effects of much older subnational rules in the United States.

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Rules-Based Adjustment in a Highly Decentralized Context: The Case of Indiarvices during the last decade. Although some restrictions remain on trade and on both capital inflows and outflows, India has become considerably more globally integrated than it was only a decade ago.

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Rules for Stabilizing Intergovernmental Transfers in Latin Americahen there is the complication of coordinating fiscal responses by subnational jurisdictions. States or provinces represent economic areas with completely open trade and capital accounts within a monetary union.

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Book 2004 to discuss the rationale, suitability, and usefulness of fiscal policy rules in emerging market economies. Grouped under three main parts (political economy and macroeconomic setting; design issues at the national level; design issues at the subnational level), the chapters have a practical orientation, based on conceptual grounding.

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Fiscal Rules and Debt Sustainability in Brazill growth,real interest rates, and real exchange rates — may lead to different assessments. Debt sustainability exercises should be based on medium- and longrun scenarios, but transitory adverse market swings commonly result in biased assessments. In general, objective assessments are more feasible in tranquil times.

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