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Fiscal Rules, Fiscal Institutions, and Fiscal Performance [PDF]

open access: yesEconomic and Social Review, 2002
Public spending is a story of some people spending other people?s money. In modern democracies, voters elect politicians to make decisions about public spending for them, and they provide the funds by paying taxes. Two aspects of this story are worrying and have received considerable academic interest in recent years.
Jürgen von Hagen
openaire   +2 more sources

The effects of fiscal institutions on fiscal adjustment

Journal of International Money and Finance, 2023
Christos Chrysanthakopoulos   +1 more
exaly   +2 more sources

The effects of fiscal institutions on fiscal adjustments

2022
Using a panel of 40 advanced economies over the period 1990-2020 this paper investigates the effect of various characteristics of fiscal councils and fiscal rules on the probability of starting a fiscal adjustment, as well as on the probability that this fiscal adjustment will be successful.
Christos Chrysanthakopoulos   +1 more
openaire   +1 more source

Fiscal Institutions and Fiscal Performance

1999
The unprecedented rise and persistence of large-scale budget deficits in many developed and developing nations during the past three decades has caused great concern. The widespread presence of such deficits has proved difficult to explain. Their emergence in otherwise diverse nations defies particularistic explanations aimed at internal economic ...
James M. Poterba, Jurgen von Hagen
openaire   +1 more source

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