This paper presents a review of the most significant fiscal rules policymakers can choose from. The insights from this review are then applied to the current budgetary situation of the European Union. In the European Union, the supranational Stability and Growth Pact (SGP) should provide the...

Commercial courts around the world encounter prolonged legal procedures, which harms businesses that require dispute resolution through the legal system. This paper, for the first time, tests whether a country's quality of business regulation impacts the average commercial case disposition time....

This paper analyzes the determinants of case disposition times in Belgian first instance courts by exploiting a unique dataset of 174 court cases. Unlike previous studies, our analysis focuses mainly on case-level determinants. Regression results show that the use of expert assessments on...

To address the problem of court backlogs, policymakers in many countries have been pursuing reforms to reduce case disposition times and the demand for litigation. Yet Priest's (1989) congestion-equilibrium theory states that reforms aimed at reducing court delays are offset by an increased...