The Discipline-Enhancing Role of Fiscal Institutions : Theory and Empirical Evidence /
This paper discusses the role of fiscal institutions, including budget rules and non-partisan agencies, in enhancing fiscal discipline. A dynamic model of fiscal policy shows that optimal institutions lack credibility unless the costs to bypass them are sufficiently high. In our model, a combination...
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| Formato: | Periódico |
| Idioma: | English |
| Publicado em: |
Washington, D.C. :
International Monetary Fund,
2007.
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| Colecção: | IMF Working Papers; Working Paper ;
No. 2007/171 |
| Acesso em linha: | Full text available on IMF |