Wijsman, Sebastiaan; Crombez, Christophe - In: European Journal of Economics and Economic Policies: … 18 (2021) 1, pp. 55-76
This paper studies the effects of fiscal rules on public investment. Economists argue that fiscal rules decrease public investment, as it is easier for governments to lower public investment than current expenditures. This paper presents an empirical assessment of the relationship between fiscal...