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...

Полное описание

Библиографические подробности
Главный автор: Kotia, Ananya
Другие авторы: Lledo, Victor
Формат: Журнал
Язык:English
Опубликовано: Washington, D.C. : International Monetary Fund, 2016.
Серии:IMF Working Papers; Working Paper ; No. 2016/084
Online-ссылка:Full text available on IMF