Should Advanced Countries Adopt a Fiscal Responsibility Law? /

Fiscal Responsibility Laws (FRLs) appear to be more popular in middle-income countries than advanced countries, even though their success is limited. The reasons why few advanced countries have a FRL include: the existing legal framework for the budget system is adequate; supranational rules and pol...

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Bibliographic Details
Main Author: Lienert, Ian
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 2010.
Series:IMF Working Papers; Working Paper ; No. 2010/254
Online Access:Full text available on IMF