Budget Deficits and Budget Institutions /

By discussing the available theoretical and empirical literature, this paper argues that budget procedures and budget institutions do influence budget outcomes. Budget institutions include both procedural rules and balanced budget laws. We critically assess theoretical contributions in this area and...

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Бібліографічні деталі
Автор: Alesina, Alberto
Інші автори: Perotti, Roberto
Формат: Журнал
Мова:English
Опубліковано: Washington, D.C. : International Monetary Fund, 1996.
Серія:IMF Working Papers; Working Paper ; No. 1996/052
Онлайн доступ:Full text available on IMF
Опис
Резюме:By discussing the available theoretical and empirical literature, this paper argues that budget procedures and budget institutions do influence budget outcomes. Budget institutions include both procedural rules and balanced budget laws. We critically assess theoretical contributions in this area and suggest several open and unresolved issue. We also examine the empirical evidence drawn from studies on samples of OECD countries, Latin American countries and the United States. We conclude with a discussion of the normative implications of this literature and with some concrete proposals.
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Фізичний опис:1 online resource (36 pages)
Формат:Mode of access: Internet
ISSN:1018-5941
Доступ:Electronic access restricted to authorized BRAC University faculty, staff and students