01929cas a2200277 a 4500 AALejournalIMF017844 230101c9999 xx r poo 0 0eng d 5.00 USD 9781484350683 2617-6750 BD-DhAAL BD-DhAAL Eyraud, Luc. Second-Generation Fiscal Rules : Balancing Simplicity, Flexibility, and Enforceability / Luc Eyraud, Xavier Debrun, Andrew Hodge, Victor Lledo. Washington, D.C. : International Monetary Fund, 2018. 1 online resource (132 pages) Staff Discussion Notes <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 Fiscal rule frameworks have evolved significantly in response to the global financial crisis. Many countries have reformed their fiscal rules or introduced new ones with a view to enhancing the credibility of fiscal policy and providing a medium-term anchor. Enforcement and monitoring mechanisms have also been upgraded. However, these innovations have made the systems of rules more complicated to operate, while compliance has not improved. The SDN takes stock of past experiences, reviews recent reforms, and presents new research on the effectiveness of rules. It also proposes guiding principles for future reforms to strike a better balance between simplicity, flexibility, and enforceability. Read the blog. Mode of access: Internet Debrun, Xavier. Hodge, Andrew. Lledo, Victor. Staff Discussion Notes; Staff Discussion Notes ; No. 2018/004 Full text available on IMF http://elibrary.imf.org/view/journals/006/2018/004/006.2018.issue-004-en.xml IMF e-Library