Horváth, Balázs
[VerfasserIn]
;
Horváth, Balázs
[Sonstige Person, Familie und Körperschaft];
Székely, István P.
[Sonstige Person, Familie und Körperschaft]
The Role of Medium-Term Fiscal Frameworks for Transition Countries
Beschreibung:
This paper discusses the foundations for a medium-term fiscal framework for Bulgaria, a transition economy aspiring to join the European Union. The paper argues that a well-designed framework can help to enhance the credibility of macroeconomic policies and facilitate preparations for EU membership. It presents an illustrative scenario for Bulgaria, utilizing a broad concept of net public debt