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- W3125116546 abstract "This paper examines the link between fiscal rules and public investment both normatively and empirically. We first review the arguments for and against including public investment spending in a fiscal deficit rule. We then seek to assess the determinants of public investment, with a special focus on the role of the fiscal rules embodied in EMU. We conclude that there are practical difficulties precluding the introduction of a golden rule and that there is virtually no evidence that EMU would have affected public investment. Therefore, the focus on safeguarding the level of public investment is somewhat misplaced; instead, one should focus on safeguarding its productivity." @default.
- W3125116546 created "2021-02-01" @default.
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- W3125116546 date "2005-01-01" @default.
- W3125116546 modified "2023-10-13" @default.
- W3125116546 title "Fiscal Rules And Public Investment" @default.
- W3125116546 hasPublicationYear "2005" @default.
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