The Role of Fiscal Policy Rules in the Postcrisis Period: Easing or Tightening?

G. A. Petrosyan (), I. B. Petrosyan and E. G. Petrosyan
Additional contact information
G. A. Petrosyan: Russian-Armenian University
I. B. Petrosyan: Russian-Armenian University
E. G. Petrosyan: Russian-Armenian University

Studies on Russian Economic Development, 2024, vol. 35, issue 2, 180-189

Abstract: Abstract— The article considers the ways to adapt fiscal rules in the postpandemic period in the Republic of Armenia, taking into account the new challenges associated with the geopolitical situation. The effectiveness of existing fiscal rules during the crisis is assessed, taking into account their impact on economic recovery, fiscal sustainability, and overall economic well-being. Through a comprehensive analysis of different configurations of fiscal rules, the authors attempt to determine the balance between flexibility and discipline in fiscal policy in the postcrisis period. The study examines the trade-offs between easing fiscal rules to achieve short-term recovery growth goals and maintaining stricter rules to ensure long-term fiscal stability.

Keywords: COVID-19; fiscal rules; safe debt level; debt-to-GDP ratio; capital expenditures; fiscal policy (search for similar items in EconPapers)
Date: 2024
References: View complete reference list from CitEc
Citations:

Downloads: (external link)
http://link.springer.com/10.1134/S1075700724020126 Abstract (text/html)
Access to the full text of the articles in this series is restricted.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:sorede:v:35:y:2024:i:2:d:10.1134_s1075700724020126

Ordering information: This journal article can be ordered from
https://www.springer ... nomics/journal/11507

DOI: 10.1134/S1075700724020126

Access Statistics for this article

Studies on Russian Economic Development is currently edited by Viktor V. Ivanter, Dmitrii B. Kuvalin and Galina A. Yaremenko

More articles in Studies on Russian Economic Development from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().