A multi-speed fiscal Europe? Fiscal rules and fiscal performance in the EU former communist countries

This paper shows that, contrary to their favourable effect in the EU non-FCC (Former Communist Countries), fiscal rules do not significantly affect performance group of FCC. finding, which may echo differences between FCC and other inherited from Cold War period, is robust when considering various estimation methods, dividing along dimensions, using several observed computed measures performance. However, going beyond simple presence rules, we find that an improvement strength affects FCC, with a magnitude higher than non-FCC. Our findings are particularly important perspective future Eurozone enlargements, involve former communist countries, go adoption types rules.