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재정준칙의 필요성 및 도입 방안에 관한 연구(A study on fiscal rules in Korea)

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  • 재정준칙의 필요성 및 도입 방안에 관한 연구(A study on fiscal rules in Korea)
  • 박형수; 류덕현
  • 한국조세연구원


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Title 재정준칙의 필요성 및 도입 방안에 관한 연구(A study on fiscal rules in Korea)
Similar Titles
Material Type Reports
Author(Korean)

박형수; 류덕현

Publisher

서울:한국조세연구원

Date 2006-12
Series Title; No 연구보고서 / 06-13
ISBN 978-89-8191-345-5
Pages 230
Subject Country South Korea(Asia and Pacific)
Language Korean
File Type Link
Subject Economy < Financial Policy
Holding 한국조세연구원

Abstract

This study investigates fiscal rules, which focus on fiscal consolidation by way of permanently constraining aggregate fiscal targets. Well-known candidates of aggregate fiscal targets are fiscal deficits, a growth rate of expenditure, and government debt. A rule-based fiscal policy is useful to strengthen fiscal discipline, though it temporarily limits government fiscal policy tools to face business cycle. It may be questionable to introduce a rule-based fiscal policy to Korea now since the fiscal sector is sounder than any other economic sector. If we consider several factors threatening fiscal sector soundness, for example, ageing and low fertility problem, it is relevant to study a rule-based fiscal policy now. (The rest omitted)