02045cas a2200277 a 4500 AALejournalIMF018190 230101c9999 xx r poo 0 0eng d 5.00 USD 9781484337301 2522-7912 BD-DhAAL BD-DhAAL Eyraud, Luc. How to Calibrate Fiscal Rules : A Primer / Luc Eyraud, Anja Baum, Andrew Hodge, Mariusz Jarmuzek. Washington, D.C. : International Monetary Fund, 2018. 1 online resource (28 pages) IMF How To 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 This note provides guidance on how to calibrate fiscal rules, that is, how to determine the thresholds (ceiling, floor, or target) for specific fiscal aggregates constrained by rules. The note focuses, more specifically, on the calibration of the debt, balance, and expenditure rules. The note is divided into four sections. The first section discusses general principles used to calibrate rules. The second section reports international evidence on the numerical ceilings used in existing rules. The third and fourth sections provide guidance on the calibration of the debt ceiling and the operational rules (fiscal balance and expenditure rules). This is one of two guidance notes on the design of fiscal rules; the other one focuses on rule selection. The two exercises are linked: if a fiscal framework had to be built from scratch, rules would need to be selected and calibrated at the same time. Mode of access: Internet Baum, Anja. Hodge, Andrew. Jarmuzek, Mariusz. IMF How To Notes; How-To Note ; No. 2018/002 Full text available on IMF http://elibrary.imf.org/view/journals/061/2018/002/061.2018.issue-002-en.xml IMF e-Library