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The Disciplining Impact of Local Fiscal Rules in the EU

Beate Jochimsen & Christian Raffer

Public Budgeting & Finance2026https://doi.org/10.1111/pbaf.70012article
ABDC C
Weight
0.50

What the paper says

Abstract Although research highlights the discipline‐enhancing effect of fiscal rules at the national level, little is known about their impact on local budgets. We employ a dynamic fiscal reaction function within an LSDVC framework to explore the relevance of different local fiscal rules in the EU using a panel dataset of 26 European countries over a 26‐year period (1997–2022). Our findings suggest that debt rules and expenditure rules have a positive relation with budget discipline on the local level. Thus, the mere existence of a DR is less relevant compared to its strength. Consequently, rule design should receive greater attention.

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https://doi.org/https://doi.org/10.1111/pbaf.70012

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@article{beate2026,
  title        = {{The Disciplining Impact of Local Fiscal Rules in the EU}},
  author       = {Beate Jochimsen & Christian Raffer},
  journal      = {Public Budgeting & Finance},
  year         = {2026},
  doi          = {https://doi.org/https://doi.org/10.1111/pbaf.70012},
}

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The Disciplining Impact of Local Fiscal Rules in the EU

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Evidence weight

0.50

Balanced mode · F 0.40 / M 0.15 / V 0.05 / R 0.40

F · citation impact0.50 × 0.4 = 0.20
M · momentum0.50 × 0.15 = 0.07
V · venue signal0.50 × 0.05 = 0.03
R · text relevance †0.50 × 0.4 = 0.20

† Text relevance is estimated at 0.50 on the detail page — for your query’s actual relevance score, open this paper from a search result.