Fiscal Rules and the Budget Process /

This paper examines the rationale for the imposition of fiscal rules as a way to reduce budgetary imbalances. It presents theoretical arguments for the existence of a 'fiscal deficit bias' and the empirical evidence on the economic, political and institutional factors leading to this bias....

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Détails bibliographiques
Auteur principal: Milesi-Ferretti, Gian
Format: Revue
Langue:English
Publié: Washington, D.C. : International Monetary Fund, 1996.
Collection:IMF Working Papers; Working Paper ; No. 1996/060
Accès en ligne:Full text available on IMF
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245 1 0 |a Fiscal Rules and the Budget Process /  |c Gian Milesi-Ferretti. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 1996. 
300 |a 1 online resource (39 pages) 
490 1 |a IMF Working Papers 
500 |a <strong>Off-Campus Access:</strong> No User ID or Password Required 
500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |a This paper examines the rationale for the imposition of fiscal rules as a way to reduce budgetary imbalances. It presents theoretical arguments for the existence of a 'fiscal deficit bias' and the empirical evidence on the economic, political and institutional factors leading to this bias. In the context of these findings, it discusses the potential role of legal constraints on the level of key fiscal variables, and of reforms in budgetary procedures in enhancing fiscal discipline. It also evaluates proposals for budgetary reform in Italy. 
538 |a Mode of access: Internet 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 1996/060 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/1996/060/001.1996.issue-060-en.xml  |z IMF e-Library