Program library for fiscal rules simulation available

A program library designed to model the EU’s fiscal rules is now available. The library includes a (stochastic) simulation model that can be used to solve the minimum fiscal effort under the EU’s new fiscal rules. The simulation model is applied by Kuusi (2017, Finding the Bottom Line: A Quantitative Model of the EU’s Fiscal Rules and their Compliance).

Download the library here:

Instructions are available inside the zipped package. The library is designed to run on MATLAB.

The program library is also available at the Zenodo repository.