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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Bibliographic Details
Main Author: Milesi-Ferretti, Gian
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 1996.
Series:IMF Working Papers; Working Paper ; No. 1996/060
Online Access:Full text available on IMF

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