Do Subnational Fiscal Rules Foster Fiscal Discipline? : New Empirical Evidence from Europe /

This paper studies how fiscal rules interact with the intergovernmental fiscal framework to foster fiscal discipline among European subnational governments. We use political variables describing the fiscal attitudes of the central government as instruments to obtain consistent estimates of the impac...

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Bibliografski detalji
Glavni autor: Kotia, Ananya
Daljnji autori: Lledo, Victor
Format: Žurnal
Jezik:English
Izdano: Washington, D.C. : International Monetary Fund, 2016.
Serija:IMF Working Papers; Working Paper ; No. 2016/084
Online pristup:Full text available on IMF