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...
| Auteur principal: | |
|---|---|
| Autres auteurs: | |
| Format: | Revue |
| Langue: | English |
| Publié: |
Washington, D.C. :
International Monetary Fund,
2007.
|
| Collection: | IMF Working Papers; Working Paper ;
No. 2007/171 |
| Accès en ligne: | Full text available on IMF |