banquedefranceBanque de France147287340388342989212/20/2021 - 11:15Do #fiscal rules prevent adjustment to shocks? Using natural disasters to find the causal effect, @GrosseSteffen @LauraPagenhardt & M. Rieth find that rules with sufficient flexibility help to fare better during episodes of large shocks #BdFeco WP 👇 https://t.co/BXRJ3y2uo5