	(1)	(2)	(3)	(4)	(5)	(6)	(7)
VARIABLES	Enforcement mechanisms	Correction mechanisms	Statutroy basis	Government coverage	Escape clauses	Cyclically adjusted targets	Spending carve-outs
							
rules_in_place	0.70**	0.82***	1.06***	0.53*	0.84***	0.82***	1.01***
	(0.35)	(0.25)	(0.38)	(0.28)	(0.26)	(0.25)	(0.25)
c.rules_in_place#c.enforcement	0.17						
	(0.34)						
L.GGXONLB_NGDP	-0.05***	-0.05***	-0.05***	-0.05***	-0.05***	-0.05***	-0.05***
	(0.02)	(0.02)	(0.02)	(0.02)	(0.02)	(0.02)	(0.02)
L.GGXWDG_NGDP	0.01***	0.01***	0.01***	0.01***	0.01***	0.01***	0.01***
	(0.00)	(0.00)	(0.00)	(0.00)	(0.00)	(0.00)	(0.00)
L.INTP_GGR	0.05***	0.05***	0.05***	0.05***	0.05***	0.05***	0.05***
	(0.01)	(0.01)	(0.01)	(0.01)	(0.01)	(0.01)	(0.01)
L.NGDP_RPCH	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	(0.01)	(0.01)	(0.01)	(0.01)	(0.01)	(0.01)	(0.01)
L.lnNGDP_D_fd2	-0.07*	-0.07*	-0.08*	-0.07*	-0.08*	-0.07*	-0.08*
	(0.04)	(0.04)	(0.04)	(0.04)	(0.04)	(0.04)	(0.04)
L.BCA_NGDPD	0.05***	0.05***	0.05***	0.05***	0.05***	0.05***	0.06***
	(0.01)	(0.01)	(0.01)	(0.01)	(0.01)	(0.01)	(0.01)
hipc	-0.06	-0.04	-0.02	-0.11	-0.04	-0.04	0.02
	(0.38)	(0.38)	(0.38)	(0.39)	(0.39)	(0.38)	(0.38)
imf_support	0.06	0.06	0.05	0.07	0.06	0.07	0.09
	(0.35)	(0.35)	(0.35)	(0.36)	(0.35)	(0.35)	(0.35)
POLenv	0.14	0.14	0.13	0.14	0.13	0.14	0.13
	(0.12)	(0.12)	(0.12)	(0.13)	(0.12)	(0.12)	(0.12)
ear90s	-1.50***	-1.48***	-1.48***	-1.61***	-1.48***	-1.48***	-1.49***
	(0.57)	(0.57)	(0.57)	(0.61)	(0.57)	(0.57)	(0.57)
mid90s	-0.63	-0.61	-0.61	-0.72	-0.62	-0.61	-0.60
	(0.45)	(0.45)	(0.45)	(0.48)	(0.45)	(0.45)	(0.46)
ear00s	-1.08**	-1.08**	-1.10**	-1.15**	-1.08**	-1.08**	-1.08**
	(0.47)	(0.47)	(0.46)	(0.50)	(0.47)	(0.46)	(0.47)
mid00s	-1.03**	-1.02**	-1.03**	-1.10**	-1.02**	-1.04**	-1.03**
	(0.47)	(0.46)	(0.46)	(0.50)	(0.46)	(0.46)	(0.47)
ear10s	-1.07**	-1.06**	-1.05**	-1.15**	-1.05**	-1.07**	-1.07**
	(0.48)	(0.47)	(0.47)	(0.51)	(0.47)	(0.47)	(0.48)
mid10s	-1.26**	-1.24**	-1.23**	-1.34**	-1.24**	-1.26**	-1.28**
	(0.50)	(0.50)	(0.49)	(0.53)	(0.49)	(0.50)	(0.50)
ear20s	-2.09***	-2.08***	-2.07***	-2.19***	-2.07***	-2.09***	-2.13***
	(0.62)	(0.62)	(0.61)	(0.66)	(0.61)	(0.61)	(0.62)
emde	-0.27	-0.30	-0.30	-0.19	-0.31	-0.29	-0.27
	(0.42)	(0.43)	(0.41)	(0.44)	(0.43)	(0.44)	(0.42)
Commodity	0.54**	0.53**	0.50*	0.63**	0.53*	0.54**	0.53**
	(0.27)	(0.27)	(0.27)	(0.29)	(0.27)	(0.27)	(0.26)
ss	-0.23	-0.22	-0.26	-0.18	-0.23	-0.22	-0.26
	(0.40)	(0.39)	(0.38)	(0.41)	(0.40)	(0.39)	(0.39)
lnsig2u	0.09	0.11	0.06	0.20	0.12	0.10	0.08
	(0.36)	(0.37)	(0.38)	(0.35)	(0.36)	(0.37)	(0.36)
c.rules_in_place#c.correction_mechanism		0.01					
		(0.28)					
c.rules_in_place#c.legalbasis			-0.30				
			(0.37)				
c.rules_in_place#c.coverage				0.66**			
				(0.29)			
c.rules_in_place#c.escape					-0.03		
					(0.24)		
c.rules_in_place#c.stabilization						0.05	
						(0.27)	
c.rules_in_place#c.goldenrule							-0.47*
							(0.25)
Constant	-2.03***	-2.02***	-1.96***	-2.18***	-2.01***	-2.03***	-2.03***
	(0.54)	(0.54)	(0.56)	(0.59)	(0.54)	(0.55)	(0.54)
							
Observations	2,807	2,807	2,807	2,807	2,807	2,807	2,807
Number of ccode	122	122	122	122	122	122	122
Log likelihood	-707.1	-707.4	-706.4	-702.6	-707.4	-707.3	-703.8
