Front Matter
Author: Luc Eyraud, Andrew Hodge, Mr. John Ralyea, and Julien Reynaud
Publication Date:
25 Feb 2020
eISBN:
9781513527031
ISBN:
9781513527031
Language:
English
Keywords:
FADHTN; HTN; national government; government level; output gap; central government; expenditure rule; government; country; Allowed; CAB rule; governments in OECD country; government control; government unit; government policy; debt rule; debt service rule; government entity; budget balance rule; government rule; Global; Fiscal rules; Debt service; Current spending; Budget planning and preparation; Subnational fiscal RulesHow; design Subnational fiscal rule; fiscal RulesHow; RulesHow to design Subnational fiscal rule
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Front Matter Page

How to Design Subnational Fiscal Rules

A Primer

NOTE 20/01

Front Matter Page

Fiscal Affairs Department

How to Design Subnational Fiscal Rules A Primer

Prepared by Luc Eyraud, Andrew Hodge, John Ralyea, and Julien Reynaud

INTERNATIONAL MONETARY FUND

Front Matter Page

©2020 International Monetary Fund

Cover Design: IMF Multimedia Services

Composition: The Grauel Group

HOW TO NOTE

Fiscal Affairs Department

How to Design Subnational Fiscal Rules: A Primer

Prepared by Luc Eyraud, Andrew Hodge, John Ralyea, and Julien Reynaud

Names: Eyraud, Luc. | Hodge, Andrew. | Ralyea, John (Economist). | Reynaud, Julien. | International Monetary Fund. Fiscal Affairs Department, issuing body. | International Monetary Fund, publisher.

Title: How to design subnational fiscal rules : a primer / prepared by Luc Eyraud, Andrew Hodge, John Ralyea, and Julien Reynaud.

Other titles: How to notes (International Monetary Fund).

Description: Washington, DC : International Monetary Fund, 2020. | How to notes / International Monetary Fund. | February 2020. | At head of title: Fiscal Affairs Department. | Includes bibliographical references.

Identifiers: ISBN 9781513527031 (paper) | 9781513529820 (Web PDF)

Subjects: LCSH: Fiscal policy—Design. | Subnational governments—Economic aspects.

Classification: LCC HJ192.5.E97 2020

DISCLAIMER: Fiscal Affairs Department (FAD) How to Notes offer practical advice from IMF staff members to policymakers on important fiscal issues. The views expressed in FAD How to Notes are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.

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Contents

  • 1. Introduction

  • 2. Definition of Subnational Fiscal Rules

  • 3. Analytical Framework: Rationale for Subnational Borrowing and Subnational Rules

  • 4. Selecting Subnational Rules

  • 5. Making Subnational Rules Flexible

  • 6. Calibrating Subnational Rules

  • Annex. How Various Fiscal Rules Allow and Constrain Borrowing

  • References

Cover IMF How To Notes
How to Design Subnational Fiscal Rules: A Primer
Author: Luc Eyraud, Andrew Hodge, Mr. John Ralyea, and Julien Reynaud
Volume/Issue:
Volume 2020: Issue 001
Publisher:
International Monetary Fund
ISBN:
9781513527031
ISSN:
2522-7912
Pages:
29
DOI:
https://0-doi-org.library.svsu.edu/10.5089/9781513527031.061