Journals / Maliye Dergisi / 2010 / Sayı: 158

Main sanctions for violation of fiscal policy rules in developed countries

Gelişmiş ülkelerde maliye politikası kurallarının ihlaline ilişkin başlıca yaptırımlar

Pages
464–481
DOI
—
🏛️Bibliographic metadata and full text access for this article are provided via DergiPark.
DergiPark Record ↗
✨

AI Summary & Key Takeaways

AI Insight
⚡ TL;DR(Too Long; Didn't Read)

So the sanctions should take into account in rule based policy designing without political stance.

📌 3 Key Takeaways

🎯
Objective & Hypothesis:Fiscal policy rules have been used widely as policy tool in developed and developing countries to combat fiscal problems.
📊
Key Findings & Data:Fiscal policy rules should be well defined and its sanctions in a condition of violation should be determined clearly.
💡
Conclusion & Impact:So the sanctions should take into account in rule based policy designing without political stance.
🔬Design:Research Article
📍Scope:Comprehensive Sample
⚙️Variables:Domain Parameters

Abstract

Fiscal policy rules have been used widely as policy tool in developed and developing countries to combat fiscal problems. Fiscal policy rules should be well defined and its sanctions in a condition of violation should be determined clearly. It is important to achieve rule-based fiscal policy objectives successfully. In this study firstly examined the rule-based fiscal policy arrangements in developed countries and afterwards the sanctions analysed when the fiscal rules not realise. Consequently, many developed countries has determined many fiscal rules, but these rules are not adequately supported by sanctions. So the sanctions should take into account in rule based policy designing without political stance.

Özet

Maliye politikası kuralları, gelişmiş ve gelişmekte olan ülkelerde mali problemleri gidermede bir politika aracı olarak yaygın bir şekilde kullanılmaktadır. Kurallı maliye politikası amaçlarını gerçekleştirmek için mali kuralların iyi bir şekilde tanımlanması ve bu kuralların ihlalinde uygulanacak yaptırımların net bir şekilde belirlenmesi gerekmektedir. Bu çalışmada, öncelikle gelişmiş ülkelerdeki kurallı maliye politikası düzenlemeleri, daha sonra da bunların ihlaline ilişkin yaptırımlar incelenmiştir. Sonuç olarak, birçok gelişmiş ülkede mali kuralların yer aldığı, fakat bu kuralların yeterli yaptırımlar ile desteklenmediği ortaya çıkmaktadır. Kurallı politika tasarımında politik tutumların etkisinde olmadan yaptırımların dikkate alınması gerekmektedir.

🔖

Cite This Article

AYSU, A. (2010). Main sanctions for violation of fiscal policy rules in developed countries. Maliye Dergisi, Sayı: 158, 464–481. https://ajindex.com/articles/79103

📄 Full Text PDF Viewer

📄

PDF görüntüleyici hazırlanıyor...

References (10)

  1. Aktan, C. C. (2004), “Kamu Tercihi Teorisi ve Anayasal Politik İktisat”, iç. Anayasal İktisat, (ed. Aktan C. C.), Siyasal Kitabevi, 3-34.
  2. Aktan, C.C., Çoban, H. ve Demir, İ. C. (2007), “Kurumsal Maliye Politikası Perspektifinden Vergi ve Harcama Sınırlamaları”, iç. Kurumsal Maliye Politikaları, (ed. Aktan, C.C., Dileyici, D. ve Vural, İ. Y.), Seçkin Kitabevi, 167- 189. Buiter, W. H. (2006), “The ‘Sense and Nonsense of Maastricht’ Revisited: What Have we Learnt About Stabilization in EMU?”, Journal of Common Market Studies, 44(4), 687-710.
  3. Buti, M., Franco, D. ve Ongena, H. (1998), “Fiscal Discipline and Flexibility in EMU: The Implementation of the Stability and Growth Pact”, Oxford Review of Economic Policy, 14(3), 81-97.
  4. Benecki, R., Hölsche, J. ve Jarmuzek, M. (2006), “Fiscal Transparency and Policy Rules in Poland”, Centre for the Study of Economic & Social Change in Europe, Economics Working Paper No. 65, London, 1-31.
  5. Buti, M., Eijffinger, S. ve Franco, D. (2003), “Revisiting the Stability and Growth Pact: Grand Design or Internal Adjustment”, CEPR Discussion Paper, No. 3692, 1-36.
  6. Buti, M. ve Noord van den P. (2004), “Fiscal Policy in EMU: Rules, Discretion and Political Incentives”, European Economy, European Commission Directorate General for Economic and Financial Affairs Economic Papers, No. 206, http://europa.eu.int/comm/economy_finance, (25/10/2007).
  7. Clemens, J., Fox, T., Karabegovic, A., Leroy, S. ve Veldhuis, N. (2007), Tax and Expenditure Limitations: The Next Step in Fiscal Discipline, the Fraser Institute, http://www.fraserinstitute.org/COMMERCE.WEB/product_files/TaxExpendLim ts.pdf, (11/11/2007).
  8. EC (2009), European Commission, http://ec.europa.eu/news/economy/090324_1_ en.htm, (10/04/2009).
  9. Eijffinger, S. C. W. (2002), “How can the Stability and Growth Pact Be Improved to Achieve Both Stronger Discipline and Higher Flexibility”, Briefing Paper on the Conduct Of Monetary Policy And An Evaluation of The Economic Situation In Europe - 4th Quarter 2002.
  10. European Commission (2005), Public Finance in EMU 2005, Directorate-General For Economic and Financial Affairs, Brussels. Finland Ministry of Finance (2007), “Fiscal Policy Rules and the Reform of Spending Limits in Finland”, Ministry of Finance Budget Department, Helsinki. Fuentes, A., Wurzel, E. ve Wörgötter, A. (2006), “Reforming Federal Fiscal Relations in Austria”, OECD Economic Department Working Papers, No. 474, 1- 34. Hagen, von J. (2005), “Fiscal Rules and Fiscal Performance in the