Can Budget Institutions Counteract Political Indiscipline? /

The budget is an expression of political rather than economic priorities. We confirm this proposition for a group of new and potential members of the European Union, finding that politics dominates. The contemporary practice of democracy can increase budget deficits through not only ideological pref...

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Bibliographic Details
Main Author: Mody, Ashoka
Other Authors: Fabrizio, Stefania
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 2006.
Series:IMF Working Papers; Working Paper ; No. 2006/123
Online Access:Full text available on IMF