IMF: Fiscal rules work best when countries have effective institutions to support and implement them

Researchers at the International Monetary Fund (IMF), Era Dabla-Norris, Raphael Lam, Francisco Roch, have stated that fiscal rules work best when countries have effective institutions to support and implement them. Specifically, they said, medium-term fiscal frameworks should translate fiscal rules into multi-year plans and align short-term budgetary decisions with long-term debt goals. Fiscal councils can also act […] Read Full Story