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cc-by-nc-nd, (c) Delalibera et al., 2025
Si us plau utilitzeu sempre aquest identificador per citar o enllaçar aquest document: https://hdl.handle.net/2445/224744

Do fiscal rules affect growth?

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Over the past three decades, many countries have adopted fiscal rules. This paper studies their impact on economic growth using an overlapping generations model with endogenous growth, where the government imposes both a debt rule and a budget balance rule. The model shows that fiscal rules are not neutral: their design and interaction, through an endogenously adjusting tax rate, directly shape savings, capital accumulation, and long-term growth. The model identifies conditions under which a balanced growth path exists and highlights the possibility of multiple steady states. (...)

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DELALIBERA, Bruno r., BRUM, Angélica, PEREIRA, Luciene. Do fiscal rules affect growth?. _UB Economics – Working Papers_. 2025 E25/487. [consulta: 23 de gener de 2026]. [Disponible a: https://hdl.handle.net/2445/224744]

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