OECD Journal on Budgeting, Volume 2012 Issue 1

Fiscal rules and regime-dependent fiscal reaction functions: The South African case

DOI:https://dx.doi.org/10.1787/budget-12-5k9czxjth7tg

This article argues the case for a policy of “anchored flexibility” in the form of a flexible fiscal rule that allows for the pursuit of economic stability but always anchors that pursuit in fiscal sustainability. The rule is explicitly structured ...



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