Darvas, Zsolt M.; Welslau, Lennard; Zettelmeyer, Jeromin - 2024
analyses (DSA) and uses a single indicator, a measure of public expenditure, as the annual fiscal policy target. These changes … target for fiscal policy than the deficit, since they are under the control of the government and cannot give rise to pro …-cyclical fiscal policy (excess spending in good times, fiscal cuts in bad times). These features could increase the framework …