	(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	0.49	0.87**	0.64	0.74*	0.82**	0.81**	1.20***
	(0.47)	(0.34)	(0.44)	(0.41)	(0.37)	(0.37)	(0.36)
c.rules_in_place#c.enforcement	0.50						
	(0.47)						
L.GGXONLB_NGDP	-0.02	-0.02	-0.02	-0.02	-0.02	-0.02	-0.02
	(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	0.07***	0.07***	0.07***	0.07***	0.07***	0.07***	0.07***
	(0.02)	(0.02)	(0.02)	(0.02)	(0.02)	(0.02)	(0.02)
L.NGDP_RPCH	-0.00	0.00	0.00	0.00	0.00	0.00	0.00
	(0.02)	(0.02)	(0.02)	(0.02)	(0.02)	(0.02)	(0.02)
L.lnNGDP_D_fd2	-0.17***	-0.17***	-0.18***	-0.17***	-0.17***	-0.17***	-0.18***
	(0.06)	(0.06)	(0.06)	(0.06)	(0.06)	(0.06)	(0.06)
L.BCA_NGDPD	0.06***	0.06***	0.06***	0.06***	0.06***	0.06***	0.06***
	(0.02)	(0.02)	(0.02)	(0.02)	(0.02)	(0.02)	(0.02)
imf_support	0.11	0.12	0.09	0.10	0.12	0.19	0.11
	(0.59)	(0.61)	(0.62)	(0.60)	(0.61)	(0.62)	(0.61)
POLenv	0.19	0.19	0.18	0.18	0.19	0.18	0.14
	(0.22)	(0.22)	(0.22)	(0.22)	(0.22)	(0.22)	(0.23)
ear90s	-1.55**	-1.55**	-1.55**	-1.61**	-1.54**	-1.58**	-1.65**
	(0.74)	(0.75)	(0.74)	(0.77)	(0.75)	(0.77)	(0.80)
mid90s	-0.63	-0.60	-0.61	-0.67	-0.57	-0.63	-0.66
	(0.53)	(0.54)	(0.54)	(0.55)	(0.55)	(0.58)	(0.58)
ear00s	-1.44***	-1.47***	-1.45***	-1.50***	-1.45***	-1.55***	-1.54***
	(0.55)	(0.55)	(0.55)	(0.57)	(0.56)	(0.59)	(0.59)
mid00s	-1.86***	-1.87***	-1.83***	-1.89***	-1.92***	-2.06***	-1.92***
	(0.57)	(0.57)	(0.57)	(0.59)	(0.58)	(0.62)	(0.60)
ear10s	-1.24**	-1.26**	-1.20**	-1.27**	-1.32**	-1.47**	-1.31**
	(0.57)	(0.56)	(0.57)	(0.58)	(0.57)	(0.61)	(0.60)
mid10s	-1.03*	-1.05*	-0.99*	-1.05*	-1.09*	-1.23**	-1.12*
	(0.58)	(0.58)	(0.57)	(0.58)	(0.58)	(0.62)	(0.60)
ear20s	-1.85**	-1.90**	-1.82**	-1.89**	-1.94***	-2.04***	-1.96***
	(0.73)	(0.75)	(0.72)	(0.74)	(0.75)	(0.76)	(0.74)
emde	-0.72	-0.77	-0.84	-0.71	-0.75	-0.64	-0.82
	(0.87)	(0.82)	(0.82)	(0.85)	(0.82)	(0.84)	(0.83)
Commodity	0.30	0.31	0.31	0.33	0.31	0.32	0.26
	(0.46)	(0.46)	(0.48)	(0.47)	(0.47)	(0.46)	(0.48)
ss	-0.77	-0.76	-0.73	-0.70	-0.74	-0.73	-0.80
	(0.66)	(0.66)	(0.67)	(0.67)	(0.67)	(0.66)	(0.66)
lnsig2u	1.14***	1.20***	1.26***	1.20***	1.16***	1.15***	1.25***
	(0.44)	(0.44)	(0.46)	(0.43)	(0.43)	(0.44)	(0.43)
c.rules_in_place#c.correction_mechanism		0.23					
		(0.46)					
c.rules_in_place#c.legalbasis			0.29				
			(0.45)				
c.rules_in_place#c.coverage				0.38			
				(0.44)			
c.rules_in_place#c.escape					0.30		
					(0.38)		
c.rules_in_place#c.stabilization						0.52	
						(0.43)	
c.rules_in_place#c.goldenrule							-0.71*
							(0.37)
Constant	-3.03***	-3.05***	-3.09***	-3.13***	-3.04***	-3.05***	-2.97***
	(0.77)	(0.79)	(0.85)	(0.83)	(0.78)	(0.81)	(0.80)
							
Observations	2,744	2,744	2,744	2,744	2,744	2,744	2,744
Number of ccode	122	122	122	122	122	122	122
Log likelihood	-405.1	-405.9	-406	-405.6	-405.4	-404	-401.7
