Not sure why Govt.s seem to like 'fiscal rules' (in the way that Rachel Reeves likes them)?
Here's Simon Wren-Lewis (npub1qeq…58yu) exploring the issue to conclude that no fiscal rules are often better than badly conceived (or deployed) fiscal rules.
In the end fiscal rules are not about convincing financial operators that a Govt. is prudent (these actors already know one way or the other), rather it is often a self-denying ordnance to try to halt policy temptation(s).
#economics
https://mainlymacro.blogspot.com/2024/09/october-budget-4-good-and-bad-reasons.html
Emeritus Prof Christopher May /
npub12p…zzvxn
2024-09-17 08:04:19
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