education, in addition to discussing how technological change creates new challenges for the taxation of income and consumption … crises. Finally, we summarize the key issues discussed at the 2021 International Institute of Public Finance Congress and the …

This paper studies the long-run fiscal consequences of balanced budget rules (BBR) that are enshrined in a country … the introduction of a constitutional-BBR reduces government debt-to-GDP and expenditure-to-GDP ratios, on average, by … instrumenting the probability of having budget rules on de jure constraints on changing the constitution. This and other tests …

) Constitutional or statutory fiscal limitations have in most cases proved to be effective in cutting down public expenditure, revenue …

published by the German Federal Ministry of Finance. In addition, I discuss the interpretation of the indicator in a low …

-term relationships between government revenues and expenditures as well as between the primary budget balance and past public debt ratio … fiscal rules in terms of the budget balance, and also the output gap. The effects of inflation, external accounts balance and …

country-by-country analysis, the answer to the title question is true. For most countries, (i) the primary budget balance … higher for higher average public debt ratios; (iv) past primary budget balances allow the public debt ratio to be reduced …