Fiscal Rules to Tame the Political Budget Cycle : Evidence from Italian Municipalities /

The paper provides evidence that fiscal rules can limit the political budget cycle. It focuses on the application of the Italian fiscal rule at the sub-national level over the period 2004-2006 and shows that: 1) municipalities are subject to political budget cycles in capital spending; 2) the Italia...

पूर्ण विवरण

ग्रंथसूची विवरण
मुख्य लेखक: Forni, Lorenzo
अन्य लेखक: Bonfatti, Andrea
स्वरूप: पत्रिका
भाषा:English
प्रकाशित: Washington, D.C. : International Monetary Fund, 2017.
श्रृंखला:IMF Working Papers; Working Paper ; No. 2017/006
ऑनलाइन पहुंच:Full text available on IMF