Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/80050
Authors: 
Rülke, Jan-Christoph
Frenkel, Michael
Lis, Eliza
Year of Publication: 
2013
Series/Report no.: 
Beiträge zur Jahrestagung des Vereins für Socialpolitik 2013: Wettbewerbspolitik und Regulierung in einer globalen Wirtschaftsordnung - Session: Sovereign Debt D09-V2
Abstract: 
This is the first study that analyzes whether budget balance expectations are anchored and whether budget balance rules effectively anchor expectations. To this end, we use a unique data set which covers budget balance expectations in 17 countries that implemented a budget balance rules. While our results are mixed concerning the general impact of budget balance rules on anchoring expectations, we do find that specific features of budget balance rules are important to successfully anchor budget balance expectations.
JEL: 
H62
H68
H11
Document Type: 
Conference Paper

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