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...

Disgrifiad llawn

Manylion Llyfryddiaeth
Prif Awdur: Forni, Lorenzo
Awduron Eraill: Bonfatti, Andrea
Fformat: Cylchgrawn
Iaith:English
Cyhoeddwyd: Washington, D.C. : International Monetary Fund, 2017.
Cyfres:IMF Working Papers; Working Paper ; No. 2017/006
Mynediad Ar-lein:Full text available on IMF