Vertical effects of fiscal rules: the Swiss experience

Abstract

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The Impact of Fiscal Rules on the Financial Management of Higher Self-Governing Units in the Slovak Republic

“…According to Burret and Feld (2018a), scientifi c studies on the eff ects of fi scal rules began to appear in the United States around the 1960s. Over time, these extended to Canada, Latin America, the OECD and the EU (Burret and Feld 2018a).…”

“…According to Burret and Feld (2018a), scientifi c studies on the eff ects of fi scal rules began to appear in the United States around the 1960s. Over time, these extended to Canada, Latin America, the OECD and the EU (Burret and Feld 2018a). Th e studies focus mainly on the impact of fi scal rules on fi scal performance, which can be expressed, for example, by the size of defi cits or the cost of fi nancing government debt.…”

“…With the wider focus of scholars on this topic, there has also been a widening debate about whether fi scal rules bring any real eff ects. Part of the studies argue that fi scal rules improve budgetary discipline (Burret and Feld 2018a). "Tighter and more encompassing rules are correlated with stronger cyclically adjusted primary balances in EU countries, that balanced budget rules and debt rules have a greater impact on budgetary outcomes than expenditure rules and revenue rules, and that rules that cover wider levels of government are associated with stronger fi scal discipline" (Burret and Feld 2018b).…”

Side Effects of Fiscal Rules: a Case of Polish Local Self-Government

“…They conclude that the debt brakes fulfill their purpose, while only one unintended effect in the form of excessive investment spending finds some empirical support. The hypothesis of 'exporting' deficits to lower-level governments induced by cantonal fiscal rules in Switzerland is investigated thoroughly and rejected in another paper by Burret and Feld (2017b).…”

Comparative analysis of the process for compliance with the European Charter of Local Self-Government in The Czech Republic, Hungary and Slovakia - with special emphasis on economic conditions and Hungarian atypical features

“…In the negations about the administrative reform launched in the late 20 th century, the European Charter of Local Self-Government must be considered with due emphasis, as its adoption in Slovakia on 23 rd February, 1999, and in The Czech Republic on 1 st September, 1999 has great significance for the implementation of self-governance compatible with European norms. The Charter still plays a prominent role in the assessment of Czech and Slovak acts on self-go vernment and other pieces of legislation related to the 1 The Treaty on the European Charter of Local Self-Government signed in Strasbourg on 15 th October, 1985 -European Charter of Local Self-Government. 2 For further details on the issues of integration, see Torma (2011). self-governance.…”