01702cas a2200241 a 4500 AALejournalIMF001354 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451858563 1018-5941 BD-DhAAL BD-DhAAL Milesi-Ferretti, Gian. Good, Bad or Ugly?on the Effects of Fiscal Rules with Creative Accounting / Gian Milesi-Ferretti. Washington, D.C. : International Monetary Fund, 2000. 1 online resource (26 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students Do fiscal rules likely lead to fiscal adjustment, or do they encourage the use of 'creative accounting'? This question is studied with a model in which fiscal rules are imposed on 'measured' fiscal variables, which can differ from 'true' variables because there is a margin for creative accounting. The probability of detecting creative accounting depends on its size and the transparency of the budget. The model studies the effects on fiscal policy of different rules, separating structural from cyclical effects, and examines how these effects depend on the underlying fiscal distortion and on the degree of transparency of the budget. Mode of access: Internet IMF Working Papers; Working Paper ; No. 2000/172 Full text available on IMF http://elibrary.imf.org/view/journals/001/2000/172/001.2000.issue-172-en.xml IMF e-Library