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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| Формат: | Журнал |
| Мова: | English |
| Опубліковано: |
Washington, D.C. :
International Monetary Fund,
2016.
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| Серія: | IMF Working Papers; Working Paper ;
No. 2016/084 |
| Онлайн доступ: | Full text available on IMF |