Do Fiscal Rules Cause Fiscal Discipline Over the Electoral Cycle?

Do Fiscal Rules Cause Fiscal Discipline Over the Electoral Cycle?
This paper estimates the causal effect of fiscal rules on political budget cycles in a sample of 67 developing countries over the period 1985–2007. We exploit the geographical pattern in the adoption of fiscal rules to isolate an exogenous source of variation in the adoption of national fiscal rules. Based on a diffusion argument, we use the... READ MORE...

Publication date: December 2019
ISBN 9781513523736
$18.00

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Publication date: December 2019

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