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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Bibliographische Detailangaben
Hauptverfasser: Alesina, Alberto 1957-2020 (VerfasserIn), Perotti, Roberto 1961- (VerfasserIn)
Format: Buch
Sprache:English
Veröffentlicht: Cambridge, Mass. 1996
Schriftenreihe:National Bureau of Economic Research <Cambridge, Mass.>: NBER working paper series 5556
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Zusammenfassung: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 issues. We also examine the empirical evidence drawn from studies on samples of OECD countries, Latin American countries and US states.
Beschreibung:40 S.