	(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	1.07*	1.06***	1.46***	0.39	1.34***	1.12***	1.08***
	(0.60)	(0.40)	(0.54)	(0.46)	(0.38)	(0.42)	(0.38)
c.rules_in_place#c.enforcement	-0.13						
	(0.58)						
L.GGXONLB_NGDP	-0.00	-0.00	-0.01	-0.01	-0.00	-0.01	-0.01
	(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***	0.06***	0.05***	0.05***	0.05***
	(0.02)	(0.02)	(0.02)	(0.02)	(0.02)	(0.02)	(0.02)
L.NGDP_RPCH	-0.00	-0.00	-0.01	-0.00	-0.01	-0.01	-0.00
	(0.02)	(0.02)	(0.02)	(0.02)	(0.02)	(0.02)	(0.02)
L.lnNGDP_D_fd2	-0.05	-0.05	-0.05	-0.05	-0.06	-0.05	-0.05
	(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)
hipc	0.40	0.40	0.44	0.36	0.47	0.39	0.41
	(0.47)	(0.48)	(0.47)	(0.49)	(0.49)	(0.47)	(0.48)
imf_support	0.50	0.49	0.51	0.52	0.49	0.45	0.53
	(0.62)	(0.61)	(0.61)	(0.62)	(0.60)	(0.62)	(0.61)
POLenv	0.04	0.05	0.05	0.02	0.01	0.01	0.06
	(0.19)	(0.19)	(0.19)	(0.20)	(0.20)	(0.20)	(0.19)
ear90s	-2.39***	-2.50***	-2.47***	-2.83***	-2.61***	-2.53***	-2.41***
	(0.87)	(0.88)	(0.85)	(0.92)	(0.85)	(0.87)	(0.85)
mid90s	-1.40*	-1.47*	-1.45*	-1.75**	-1.55*	-1.44*	-1.41*
	(0.84)	(0.85)	(0.84)	(0.88)	(0.85)	(0.85)	(0.83)
ear00s	-1.81**	-1.87**	-1.91**	-2.10**	-1.97**	-1.85**	-1.81**
	(0.83)	(0.84)	(0.82)	(0.88)	(0.83)	(0.83)	(0.83)
mid00s	-1.47*	-1.53*	-1.55*	-1.73*	-1.49*	-1.41*	-1.47*
	(0.83)	(0.84)	(0.83)	(0.89)	(0.83)	(0.83)	(0.82)
ear10s	-1.90**	-1.95**	-1.95**	-2.19**	-1.91**	-1.84**	-1.91**
	(0.85)	(0.85)	(0.85)	(0.91)	(0.84)	(0.84)	(0.84)
mid10s	-2.13**	-2.15**	-2.18**	-2.44***	-2.13**	-2.08**	-2.16**
	(0.86)	(0.85)	(0.87)	(0.91)	(0.85)	(0.85)	(0.85)
ear20s	-3.42***	-3.44***	-3.49***	-3.76***	-3.43***	-3.40***	-3.48***
	(0.91)	(0.91)	(0.90)	(0.98)	(0.92)	(0.91)	(0.92)
emde	-0.89	-0.89	-0.82	-0.77	-0.95	-1.04	-0.83
	(0.75)	(0.79)	(0.75)	(0.79)	(0.79)	(0.84)	(0.76)
Commodity	0.60	0.61	0.54	0.75	0.51	0.57	0.61
	(0.47)	(0.48)	(0.48)	(0.49)	(0.48)	(0.48)	(0.48)
ss	0.55	0.55	0.47	0.68	0.59	0.57	0.52
	(0.65)	(0.65)	(0.64)	(0.67)	(0.66)	(0.66)	(0.64)
lnsig2u	1.38***	1.43***	1.34***	1.57***	1.50***	1.48***	1.36***
	(0.40)	(0.41)	(0.39)	(0.42)	(0.38)	(0.42)	(0.40)
c.rules_in_place#c.correction_mechanism		-0.25					
		(0.39)					
c.rules_in_place#c.legalbasis			-0.59				
			(0.44)				
c.rules_in_place#c.coverage				1.22***			
				(0.43)			
c.rules_in_place#c.escape					-0.71**		
					(0.30)		
c.rules_in_place#c.stabilization						-0.45	
						(0.39)	
c.rules_in_place#c.goldenrule							-0.28
							(0.41)
Constant	-2.83***	-2.86***	-2.68***	-3.12***	-2.79***	-2.78***	-2.86***
	(0.94)	(0.96)	(0.98)	(1.05)	(0.95)	(0.96)	(0.95)
							
Observations	2,757	2,757	2,757	2,757	2,757	2,757	2,757
Number of ccode	122	122	122	122	122	122	122
Log likelihood	-439	-438.5	-436.8	-433.1	-435	-437.4	-438.5
