Breaking the Impediments to Budgetary Reforms : Evidence from Europe

Evidence from Europe

Breaking the Impediments to Budgetary Reforms : Evidence from Europe
Under what conditions are budget institutions likely to be strengthened? We find that fiscal deficits do not help in focusing policymakers on undertaking reforms. To the contrary, the larger the deficit, the lower is the likelihood of reforms. Large deficits apparently imply strong claims on the budget and, hence, generate unwillingness to... READ MORE...

Publication date: March 2008
ISBN 9781451869439
$18.00

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