The Role of Fiscal Policy Rules in the Postcrisis Period: Easing or Tightening?

被引：0
作者：
Petrosyan G.A. [1 ]
Petrosyan I.B. [1 ]
Petrosyan E.G. [1 ]
机构：
[1] Russian-Armenian University, Yerevan
来源：
Studies on Russian Economic Development | 2024年 / 35卷 / 2期
关键词：
capital expenditures; COVID-19; debt-to-GDP ratio; fiscal policy; fiscal rules; safe debt level;
D O I：
10.1134/S1075700724020126
中图分类号：
学科分类号：
摘要：
Abstract—: The article considers the ways to adapt fiscal rules in the postpandemic period in the Republic of Armenia, taking into account the new challenges associated with the geopolitical situation. The effectiveness of existing fiscal rules during the crisis is assessed, taking into account their impact on economic recovery, fiscal sustainability, and overall economic well-being. Through a comprehensive analysis of different configurations of fiscal rules, the authors attempt to determine the balance between flexibility and discipline in fiscal policy in the postcrisis period. The study examines the trade-offs between easing fiscal rules to achieve short-term recovery growth goals and maintaining stricter rules to ensure long-term fiscal stability. © Pleiades Publishing, Ltd. 2024. ISSN 1075-7007, Studies on Russian Economic Development, 2024, Vol. 35, No. 2, pp. 180–189. Pleiades Publishing, Ltd., 2024. Russian Text The Author(s), 2024.
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页码：180 / 189
页数：9
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