Fiscal Rules and the Budget Process

Fiscal Rules and the Budget Process
This paper examines the rationale for the imposition of fiscal rules as a way to reduce budgetary imbalances. It presents theoretical arguments for the existence of a "fiscal deficit bias" and the empirical evidence on the economic, political and institutional factors leading to this bias. In the context of these findings, it discusses the... READ MORE...

Publication date: June 1996
ISBN 9781451848007
$15.00

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