Fiscal Rules: Theoretical Issues and Historical Experiences

Charles Wyplosz

NBER Working Paper No. 17884
Issued in March 2012

---- Acknowledgments ----

Without implicating them, I am grateful to Alberto Alesina, Frits Bos, Xavier Debrun, Francesco Giavazzi and Lucio Pench for their comments on earlier versions. I also benefitted from comments from participants at the NBER Conference in Cambridge in July 2011 and at the NBER-Bocconi Conference in Milano in December 2011. I acknowledge with gratitude financial support from the European Commission under the PEGGED program. The views expressed herein are those of the author and do not necessarily reflect the views of the National Bureau of Economic Research.

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