Fiscal Rules to Tame the Political Budget Cycle

Evidence from Italian Municipalities

Fiscal Rules to Tame the Political Budget Cycle
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 Italian subnational fiscal rule... READ MORE...

Publication date: January 2017
ISBN 9781475569971
$18.00

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